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WCT has experienced a week of Sideways fluctuations, and the market situation is undergoing subtle changes. Currently, short-term selling pressure has gradually been digested, while buying interest remains active within the range of 0.32 to 0.33. It is worth noting that despite being in a Sideways state, the price shows a trend of not falling but rising, indicating that the bearish forces are gradually weakening.
From a technical perspective, the daily MACD indicator has shown notable changes. After initially breaking below the zero line, the momentum bars have quickly contracted, presenting a clear divergence signal. This phenomenon typically indicates that the market may soon experience a reversal.
At the same time, the Bollinger Bands are beginning to show a convergence, which often indicates that the volatility may soon increase. The choice of market direction seems imminent.
Investors should closely monitor the key price level of 0.34. If this level is successfully broken, it is likely to trigger a new round of rise. At this critical moment, market participants need to remain highly vigilant to avoid missing potential investment opportunities.
However, we must remind investors that the cryptocurrency market has always been highly volatile, with risks and opportunities coexisting. Therefore, it is essential to conduct thorough research and risk assessment before making any investment decisions.