🔻 Current Price: $0.4094 (Down -5.08%)
📈 Peak Price (Recent High): $1.3941
📉 Fall from Peak: Over 70% correction
🔎 Key Technical Indicators:
RSI (6): 27.54
➤ Oversold zone (below 30). This suggests WCT might be undervalued short-term and could bounce soon.
Williams %R (14): -98.94
➤ Deeply oversold territory. Indicates very bearish sentiment and potential for short-term reversal or consolidation.
Volume:
➤ Heavy spike followed by decline. Indicates prior FOMO-driven rally followed by a major dump. Now volume is cooling = consolidation phase.
Moving Averages (MA5 & MA10):
➤ Price is well below both MAs, which usually signals strong bearish momentum, but also potential for reversal if market sentiment shifts.
✅ Conclusion: Is it the Buying Zone?
Yes — BUT cautiously.
WCT is in the oversold zone and has fallen heavily from its highs. It may offer a bounce opportunity, but:
Wait for confirmation (like a strong green candle + volume).
Avoid heavy positions; this could be a dead cat bounce or consolidation trap.
Set stop-loss at recent support ($0.35 area).
🌐 Overall Crypto Market Summary (June 9, 2025)
🟢 Sentiment: Mixed with mild bearish pressure
📰 Key Highlights:
BTC holding near $69k support – sideways movement expected.
ETH in "strategic pause" mode – resistance near $3.7k, buyers waiting for breakout.
SOL, XRP, and meme coins showing strong volatility – whales active.
SUI DEX Hack Recovery in focus – security discussions trending.
📌 Strategy Suggestion for Traders:
📉 Oversold altcoins like WCT: Short-term scalping or DCA entry.
🛑 Always use tight stop-loss due to high volatility.
🚨 Watch BTC & ETH closely — any dump will affect alts immediately.
