Today's WCT has risen sharply, let's analyze
1. Current price: $0.3213 (+3.35%), 24-hour fluctuation range $0.3105–$0.3270.
2. Trading volume: 10.7498 million WCT traded in the last 24 hours (approximately 3.4293 million USDT), with buying volume accounting for 55.29% (short-term bulls dominate).
3. Moving average system:
- MA(7): $0.3224 (support below current price)
- MA(25): $0.3185 (dynamic support level)
- MA(99): $0.3083 (long-term strong support).
4. Technical indicators:
- 4-hour chart MA(5) and MA(10) death cross (557,216.7 vs 547,115.0), volume contraction indicates weakness in rebound.
- RSI not overbought (no divergence signals), but 7-day drop of -7.51% reflects mid-term bearish dominance.
📉 Short-term trend projection (24–72 hours)
Scenario 1: Continuation of rebound (probability 40%)
- Condition: Stabilize above MA(7) ($0.3224) and break through previous high of $0.3270.
- Driving factors:
- Buying volume of 55.29% shows bullish momentum, if volume breaks through $0.3270 or triggers short covering.
- MA(99) ($0.3083) forms psychological support, attracting bargain hunters.
- Target price: $0.3350 (4-hour high) → $0.3500 (key resistance).
Scenario 2: Pullback to test bottom (probability 60%)
- Condition: Lose MA(25) ($0.3185) and break below $0.3105 (24-hour low).
- Driving factors:
- 7-day drop of -7.51% reflects a bearish trend, MA(5) and MA(10) death cross suppresses rebound.
- 30-day crash of -72% leads to profit-taking at highs ($0.35–$0.40 range as dense resistance).
- Target price: $0.3083 (MA(99)) → $0.3000 (psychological level) → $0.2850 (strong support area).
🔥 Core observation indicators
Signal Type Bullish Trigger Point Bearish Trigger Point
Price >$0.3270 (breakthrough with volume) <$0.3105 (sustained for 2 hours)
On-chain data Whale addresses increase holdings >1 million WCT Exchange inflow volume surges by 50%
Market sentiment Bull-bear ratio >1.2 Fear and greed index <30 (panic)
Summary: The current price is at a critical point between bulls and bears, short-term suggestion is to watch or take light positions. If supplementary data shows whale accumulation/Solana airdrop staking rate is high, the rebound probability can be raised to 60%; if large amounts flow into exchanges, be cautious of a drop to the $0.28 range.