Chart Pattern: After a sharp drop from its peak, WCT appears to have found support on an ascending trendline.
Bollinger Bands: The price is near the lower band and bouncing upwards, indicating a potential mean reversion.
Bullish Signal: A bounce from strong support with a bullish engulfing candle suggests possible upward momentum.
Targets:
Immediate resistance: $0.63 (mid-Bollinger level)
Stronger resistance: $1.05 (upper band)
Conclusion: WCT is showing signs of a trend reversal after a healthy correction. As long as the ascending support holds, a move toward the $0.63–$1.05 zone is likely. #WCTToken @Binance Square Official
Why is $DOGS Down Today? Why Too Much? 🤔 $DOGS has a strong historical relationship with Bitcoin ($BTC ), where it often mimics BTC's price movements. Recently, BTC saw a decline, and as expected, $DOGS followed, experiencing significant losses. However, another reason for $DOGS' poor performance is the rising competition from new tokens like $NEIRO, $TURBO, and $1MBABYDOGE, which have captured investor attention. These memecoins, recently listed on Binance, are attracting more traders, causing a shift in market focus and liquidity away from $DOGS. If BTC rebounds, DOGS could potentially recover, but if the influx of interest towards these newer tokens continues, DOGS may struggle to regain momentum. Keep an eye on both BTC’s performance and the market activity surrounding these competing coins for insight into $DOGS' future. #dogs #dogsdown #dogsnews