$WCT
WCT 4-hour surge of 88%, Worldcoin is going to be popular!!!
WCT surged 88% within 4 hours, skyrocketing from $0.2757 to $0.5291, with trading volume increasing to 4.228 billion, and market capitalization estimated to exceed $588 million.
Analysis of the reasons for WCT's surge
1. Positive news for the Worldcoin project, boosting market confidence.
2. Technical breakout attracting funds.
WCT surged from $0.2757 to $0.5291, breaking through the resistance level of $0.5270, with trading volume skyrocketing to 4.228 billion, indicating strong buying pressure. The moving averages show a golden cross, and the RSI is estimated to be overbought (80+), indicating a very strong short-term trend.
3. Background of the Sino-U.S. technology war, AI tokens are favored.
NVIDIA is expected to lose $5.5 billion due to chip export restrictions, and the Sino-U.S. technology war has intensified with tariffs on China at 245%. The AI sector has become the market focus, and Worldcoin, as a representative project of AI + cryptocurrency, has attracted capital. The tech war has made AI tokens highly sought after, and WCT's surge aligns with this trend.
Future trends
WCT has broken through the resistance level of $0.5270 and may aim for $0.60. However, the RSI is overbought (estimated 80+), so caution is needed for a potential pullback to $0.40. Attention should be paid to trading volume and capital flow.
