WaykiChain Technical Analysis: WICC/USD is up 41% in the last 24 hours.

WICC/USD has experienced a tremendous bull move today on June 16 hitting $0.2532.
Previously, WaykiChain was in a daily downtrend.

Lorenzo Stroe Independent Analyst

WaykiChain, a relatively low market-cap cryptocurrency is up by more than 40% in the last 24 hours with a decent trading volume of $27 million. The current price of $0.25 is not the 2020-high, which was established on February 24 at $0.36. Either way, WICC is now in a strong daily uptrend after breaking above several resistance levels.

WICC/USD daily chart

WICC was trading below the daily 12-EMA and the 26-EMA, both extremely close to a bear cross, however, bulls have awakened and pushed WICC above $0.20 hitting $0.2532. Buyers were able to destroy several resistance points and have created a daily uptrend. The daily RSI is overextended and could slow down the bullish momentum of WICC in the short-term.

This move is not necessarily surprising considering OKEx is launching a token sale tomorrow on June 17 where users can hold OKB to get WGRT, WaykiChain Governance Coin.

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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WICC/USD daily chart

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