Current Situation
The currency $WCT is experiencing
Mild downward movement over the past hours,
where its price dropped from $0.3310 to $0.3285. Trading data shows that the currency is in a correction phase after a period of fluctuation, where its price ranged between $0.3193 and $0.3416 over the past two days.
Influential News
*Announcement of Eligibility Conditions for Distribution $WCT **: Jupi, ter announced on June 13 the eligibility conditions for the distribution of WCT, which include holders of identity roles "Cat of Culture" and "Cat, det" and participants in the first 24 votes in Jup, iter DAO governance.
*Collaboration between Wallet, Connect and Backpack**: Wallet, Connect announced a collaboration with Backpack to distribute the currency #WCT to holders of the "Holder" badge, with a promise to announce the claim details soon.
*Increasing Interest**: Data shows that $WCT ranked sixth in the list of most searched terms this week with 9,460 searches, indicating significant interest from investors.
Short-term Forecast
*Short-term**: The price seems to continue fluctuating within the range of $0.32-$0.34, with a tendency towards stability after a period of volatility.
*Support and Resistance Levels**:
- main support: $0.3193 (lowest price in the last 24 hours)
- secondary support: $0.3228
- near resistance: $0.3316
- strong resistance: $0.3416 (highest price in the last 48 hours)
Influencing Factors
Trading data shows an increase in trading volume during certain hours, particularly at 11:00 where the trading volume reached 3,250.84 units valued at $9,765.71. This indicates active interest in the currency.
Airdrop events and collaboration between platforms are considered positive catalysts that may affect the price in the near future. Additionally, increased activity in the DeFi sector (as mentioned in the news) may have an indirect impact on WCT's performance, especially if the currency is linked to this sector.
Future Outlook
As announcements continue regarding the conditions for currency distribution and new collaborations, further interest in WCT can be expected in the coming weeks. Investors who meet the eligibility requirements for the currency distribution may hold it in the short term, which could support price stability or a moderate rise.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.