When technical failure collides with cold news, WCT's deep squat is not an adjustment, but a survival game where the market votes with its feet.

Technical aspect: Bearish pressure, rebounds are like walking on thin ice.

Bollinger bands 'mouth wide open': The upper track (1.6000) and lower track (0.1514) rapidly expand, the price is tightly sticking to the lower track, closing at 0.4933 leaves a 'heaven and earth board' gap from the middle track (1.3941), a typical trend of sharp decline.

MACD dead cross confirmed: DIF (0.0754) crosses below DEA (0.0840), green bars shrink to 0.0172, bearish energy is accelerating release, short-term rebounds are all traps for inducing buying.

Price collapses sharply: From a high of 1.3941 down to 0.4941, a drop of over 64%, the so-called '11.74% increase' is just a small rebound of $0.0007 after the crash, mere sleight of hand.

News: A series of bad news, institutions are ruthlessly cutting losses.

Market makers are frantically offloading: Market makers like GSR charged 4 million WCT (≈$1.61 million) to Binance within 6 hours, with a total of 7 million offloaded this month, controlling the market and dumping at the same time.

Staking traps backfire on coin price: 85% APY seems tempting, but 50% comes from inflationary issuance, miners 'dig and sell' as the norm, staking effectively becomes shorting.

Token utility is severely lagging: Core scenarios like governance and fee payments are still not implemented, 90% of on-chain connections are free, with revenue only at $2 million yet supporting a 60x price-to-sales ratio, the bubble is visibly apparent.

Funding rate hits bottom at -2%: Binance contract shorts profit from funding fees, market bearish sentiment is extreme, and rebounds are being targeted.

Operation summary: Better to miss out than to risk death.

Escape strategy: If the current price near 0.4941 rebounds to 0.60 (previous support turned resistance), decisively reduce positions; if it breaks the previous low of 0.3510, then cut losses and liquidate.

Bottom-fishing conditions: Unless there is a volume breakthrough of the Bollinger middle track at 1.39 + MACD golden cross with volume, any 'low-price temptation' is licking blood on the knife's edge.

Long-term observation point: Whether Q3 can implement a connection charging model (theoretically $30 million annual revenue) and real yield staking, otherwise the risk of going to zero increases dramatically.


Bear market treats all disobedience; WCT wants to reverse its fate? First, let the Bollinger bands close their mouths, then talk about poetry and the future! Pay attention to big G, next issue disassembly: How will the plummeting coin rely on 'black swan events' for a comeback — below 0.35, I'll wait for your bottom-fishing signal!$WCT #山寨币热点