"BNB is showing strong bullish momentum on the 15-minute chart. After bouncing from the 24h low at $657.11, the price has surged upward with a series of strong green candles. The current price is $667.85, approaching the upper Bollinger Band at $668.60, signaling bullish pressure.
Volume has increased significantly, confirming the buying strength. The 5-period moving average has crossed above the 10-period MA, which further supports the upward trend. With the price breaking above recent resistance levels and the Bollinger Bands widening, this suggests a continuation of the uptrend.
The token experienced a sharp rally in late May, peaking at $1.3667 before a strong retracement brought it below $0.55.
📉 Volume & Supply Insights
24H Volume: $236.03M
Circulating Supply: 186.20M WCT
Total Supply: 1.00B WCT
Market Cap: $102.23M
Strong volume during the peak indicates significant buy interest, followed by a correction.
🔍 Chart Sentiment The chart shows a parabolic breakout followed by a correction—typical of FOMO-driven runs. Current consolidation near $0.54 suggests market indecision, with bulls possibly accumulating near support.
🧠 What to Watch
Hold above $0.50 is key to avoid further downside.
A bounce toward $0.68 would test first resistance.
If momentum rebuilds, the $0.77 area (MA(7)) is the next challenge.
📌 Long-Term Note Despite the drop from its all-time high, WCT is still up significantly over the last 30–90 days. Traders should monitor volume spikes and candlestick patterns for entry/exit signals.
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) before investing.