🚨 WCT/USDT: The Wild Ride Unfolds! 🎢
WCT just gave us a classic pump-and-dump show — and the charts are screaming volatility. Let’s break it down:
📊 4H Chart Snapshot:
🔹 Current Price: ~$0.6209
🔹 24H High: $1.3736
🔹 24H Low: $0.5083
🔹 24H Volume: 328.52M WCT / 252.20M USDT
🔻 24H Drop: -47.67% 😱
📉 What Happened?
WCT spiked hard to ~$1.3941 (May 30/31), then crashed just as fast down to $0.5083. It’s now trying to find footing around the $0.62 mark.
🔍 Technical Breakdown:
📍 EMAs:
Price is way below EMA(7), EMA(25), and EMA(99) — indicating strong bearish momentum. These EMAs will now act as resistance.
📍 RSI(6):
~31.92 — Near oversold zone. A small bounce might come, but sentiment is still weak.
📍 Volume:
Massive red bars during the dump = heavy selling pressure.
🔮 What’s Next?
1️⃣ Sideways Action: Expect consolidation between $0.5083 and $0.7000
2️⃣ Relief Bounce: Possible bounce toward EMA levels — risky unless supported by volume
3️⃣ Further Drop: If $0.5083 breaks, more downside likely
⚠️ Reminder:
These kinds of extreme moves are common in small-cap tokens. High volatility = High risk.
✅ Always use Stop Loss
✅ DYOR (Do Your Own Research)
❌ Not Financial Advice
💬 What’s your view on WCT?
#WTC #WTCAirdrop #Binance #CryptoNewss #crypto