WCT/USDT Market Update – Last 4 Hours
Over the past four hours, WalletConnect Token (WCT) has experienced notable volatility, with prices fluctuating between an intraday high of $1.34 and a low of $1.004. The current price stands at $1.11, reflecting a 3.48% decrease from the previous close.
Technical analysis indicates that the Bollinger Bands have widened significantly, and the K-line is accelerating along the upper band, showing a typical 'accelerated main rising wave' pattern.
Trading volume has been robust, with a 24-hour volume of $3.09 million and approximately 7.19 million WCT traded. This heightened activity suggests strong market interest, but the recent price dip indicates potential profit-taking or market correction.
Traders should monitor key support and resistance levels closely. A sustained move above $1.20 could signal a bullish continuation, while a drop below $1.00 might indicate further downside risk. As always, it's crucial to conduct thorough research and consider risk management strategies before making trading decisions.