The one-hour K-line chart for #WCT is really exciting to watch.
Opening at $1.3231, closing at $1.3145, peaking at $1.3928 before dropping down, and falling to a low of $1.2982, the price is fluctuating wildly. Trading volume is 26.62 million, estimated trading volume is 70.95 million, five-day average volume is 71.65 million, and ten-day average volume is 60.28 million, clearly indicating increased volume, suggesting that outside funds are coming in and retail investors are becoming active.
The MA7 line is at $1.2346, the MA30 line is at $1.1036, the price is moving upwards along the moving averages, indicating a short-term upward trend. The EMA7 line is at $1.2476, and the EMA30 line is at $1.1239, with short-term moving averages above and long-term moving averages below, showing sufficient short-term upward momentum.
The MACD is directly at 0.0194, both the DIF and DEA are above water, indicating an advantage for the bulls. The KDJ indicator is even stronger, with the K line at 69.7, the D line at 68.68, and the J line at 71.74, all in a strong zone; theoretically, it should rise, but the J line is too high, be cautious of a pullback.
If you ask me, this coin is currently in a bullish market; with volume, it can push higher. Those with light positions can give it a try, and those looking to buy the dip should wait for a pullback before acting. Don't go against the trend; preserving your capital is the most important thing.
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