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.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
11 Likes
Reward
11
7
Share
Comment
0/400
PumpStrategist
· 06-15 07:07
The sell-off with bearish market has become a foregone conclusion.
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.