$WCT is showing extreme volatility, rallying hard after an initial decline! The move is supported by a sharp increase in volume and interesting on-chain activity.
🟢 The Bull Case
Strategic Moves: A wallet linked to the team withdrew 5.81M WCT ($424K) from exchanges—historically a non-selling signal.
Technicals: Short-term reversal confirmed (EMA 7 > 25) + Bullish MACD.
Momentum: RSI swung from oversold (20) to overbought (86) in a flash, showing aggressive buying.
🔴 The Risks
Overheated: RSI-6 is now at 86.75. Prices rarely sustain these levels without a cool-off.
Trend: The broader trend is still bearish (EMA 25 < EMA 99).
Market Cap: Historical decline to ~$23M cap remains a concern for long-term holders.
