$WCT Alert: Oversold Bounce or Further Downside? 🚀📉
check my analysis
Trading around $0.1011 after a recent drop, $WCT shows high volatility. The market sentiment is currently Bearish with 'Extreme Fear' prevailing. Key attention is on major token unlocks, increasing circulating supply.
Entry Zone: 0.090 – 0.095
Stop-Loss: 0.08
Take Profit Targets:
TP1: 0.108
TP2: 0.115
TP3: 0.125
Why Watch $WCT?
· Critical Web3 Infrastructure: Powers connections for over 23 million users across 600+ wallets and dApps.
· Technical Confluence: Price is testing near-term support. The 14-day RSI is at 35.45 (Neutral), suggesting it is not yet oversold.
· Exchange Momentum: Gained full trading support on Coinbase via optimism, improving accessibility.
Hold or Sell? Technical structure is weak, with price below key moving averages and a "death cross" present. A hold is speculative, suitable only for high-risk tolerance investors betting on a long-term ecosystem recovery. A sell or avoid is the cautious choice given the dominant bearish trend, high volatility, and supply inflation from unlocks.
click to here buy immediately 👇$WCT
What's your short-term target for $WCT? Share below! 👇
A)Below $0.07
B)$0.07 - $0.10
C)$0.10 - $0.13
D)Above $0.13