WCt/USDT Market Update – May 22, 2025
Current Price: $0.6032
24h Change: -8.31%
24h High / Low: $0.7067 / $0.5869
Volume (WCT): 44.85M
Volume (USDT): 28.82M
WCT (Wealth Chain Token) faced downward pressure today, with a notable decline of over 8% in the last 24 hours. The price briefly touched a low of $0.5869 before recovering slightly to $0.6032 at the time of writing. Despite the drop, the 7-day and 30-day performances remain positive, with gains of 6.37% and 29.84% respectively, reflecting strong investor interest in the mid-term
Technical Overview (15m chart):
Buy Average Price: $0.6124
Key Support Level: $0.5869
Resistance Zone: $0.6247 - $0.6266
Moving Averages: The MA(5) and MA(10) show convergence, signaling a possible reversal if buying momentum increases
Following a brief sell-off, buyers stepped in at the $0.5869 level, pushing the token back above $0.60. The short-term candlestick patterns suggest consolidation, with bulls attempting to reclaim the $0.61–$0.62 range. A breakout above this could indicate renewed upward momentum.
Market Sentiment:
While today’s dip might concern short-term traders, WCT’s broader trend remains bullish over the past month. The correction could present a buying opportunity for those looking for mid-term exposure, especially if volume continues to build at current levels.
Disclaimer: This is not financial advice. Always do your own research before investing.
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