Recently, the WCT market has shown weak performance, with a significant shrinkage in volume while prices are exhibiting a downward trend. Market analysis indicates that a sideways consolidation lacking sufficient volume support is often a phase of accumulation before a fall.
The technical indicators show that if the price falls below the key support level of 0.37, the market may face a larger range of selling pressure, and panic sentiment may spread. Many traders see 0.33 as the current downside target, and the bearish consensus is gradually forming and strengthening in the market.
It is worth noting that the cryptocurrency market is extremely volatile, and investors need to carefully assess risks and develop reasonable position management strategies. The current global geopolitical situation and changes in trade policies also bring additional uncertainties to the market, which may further affect asset price trends.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Recently, the WCT market has shown weak performance, with a significant shrinkage in volume while prices are exhibiting a downward trend. Market analysis indicates that a sideways consolidation lacking sufficient volume support is often a phase of accumulation before a fall.
The technical indicators show that if the price falls below the key support level of 0.37, the market may face a larger range of selling pressure, and panic sentiment may spread. Many traders see 0.33 as the current downside target, and the bearish consensus is gradually forming and strengthening in the market.
It is worth noting that the cryptocurrency market is extremely volatile, and investors need to carefully assess risks and develop reasonable position management strategies. The current global geopolitical situation and changes in trade policies also bring additional uncertainties to the market, which may further affect asset price trends.