WCT Market Analysis Update
Support and Resistance levels
🔻 Key Support Levels
$0.50: A critical support level; breaching this could lead to further declines toward $0.20.
$0.58: Currently acting as a support zone, with the price attempting to stabilize around this level.
$0.60: A potential base for the next upward movement if the price holds above this level.
🔺 Key Resistance Levels
$0.64: Immediate resistance; surpassing this could indicate a short-term bullish trend.
$0.85: A significant resistance level; reclaiming this is essential to shift the current bearish trend.
$1.20: A major resistance point; breaking above this could signal a strong uptrend.
Summary
The traders should monitor levels closely. Abreakout above resistance could signals a bullish trend while drop below the support may indicate Bearish sentiment.
Bearish signals
WCT undergone a significant decline, dropping from 1.3 to 0.65 in just two days.
Bullish signals
WCT announced that Solana Mobile phones will participate in the WCT token airdrop claim program.
Jupiter Stakers will be eligible for an airdrop linked to Wallet connect"s expension into solana.
Whale trader position
Long position.. 6632065
Short position 5726489
Fear and Greed Index: 64 (Greed) potential upward movement
Conclusion
WCT is currently experiencing a significant decline in price, market sentiment is leading towards greed and whale trader signal show slight preference for long position.
