Although WCT has been continuously holding events at Binance Square, the price trend shows a persistent downward trend.
The current price is approaching its lowest point, and we need to observe whether there is support at this lowest point. From the moving averages, EMA(60) = 0.3313 > EMA(99) = 0.3634 > Current Price (0.2916), which indicates a typical downward trend. The current price is significantly below the two moving averages (a drop of over 11%), indicating that the bears dominate, and a rebound needs to break through 0.33 to possibly reverse the downtrend.
From the MACD perspective, the dual lines are still below the zero axis (bear market), but the shortening green bars indicate that the downward momentum is weakening, and there may be stability or a rebound in the short term.
The trading volume in the last 24 hours and the recent 4 hours is not high, indicating moderate activity.
It is recommended that everyone refrain from entering the market, or wait for the bottom to hold and for a golden cross to form before entering.