Despite a

↗3.12%

daily gain, WCT faces selling pressure as trading activity cools and longer-term declines persist.

Selling pressure outweighs buying interest

The buyer-to-seller ratio sits at 0.57 over the past 24 hours, meaning roughly 1.75 times more people are selling than buying during that period, while trading volume dropped roughly

↘27%

over the past 24 hours.

Longer timeframes show weakness

The price declined roughly

↘8.43%

over the past week and

↘24.87%

over the past month, contrasting with the short-term daily gain.

Traders betting against gains

In the futures market, traders are paying to bet against price increases, with the cost at approximately -0.01% (around -13.6% annually), while overall trading positions expanded roughly

↗4.18%

over the past day.

Network activity stays limited

Only 26 addresses were active on the network over the past 24 hours, with 8 new holders joining, while blockchain data shows investors selling at a loss with the profitability indicator at 0.89.