$WCT 📊 WCT/USDT Technical Analysis – Support & Resistance Zones (Daily Chart)
WCT has shown a strong bullish trend recently, but today's -9.36% drop signals a potential pullback or consolidation phase. Let's break down the key support and resistance levels based on the current daily chart.
🔹 Current Price: $1.1822
🔹 24h High: $1.3512
🔹 24h Low: $0.9766
🔹 Volume (24h): 146.34M WCT / 161.43M USDT
🔼 Resistance Levels:
$1.35 - $1.39 (Recent High Zone)
This zone marks the local top. Heavy rejection seen around $1.3941 indicates strong seller pressure here.
$1.22 - $1.25 (Short-Term Resistance)
This is a recent closing area where price struggled to hold. A break and close above this could indicate bullish continuation.
🔽 Support Levels:
$1.00 - $0.98 (Immediate Support)
This was the low of the most recent red candle and a psychological level. Price bouncing here may show strong buying interest.
$0.94 (7-Day MA)
This yellow moving average has been a key dynamic support during the uptrend. A breakdown below it could signal a deeper pullback.
$0.64 (25-Day MA)
A significant trend support from earlier price action. If the correction deepens, this could act as a major demand zone.
📉 MACD & Volume:
MACD is still in bullish territory, though the histogram is flattening—watch for a bearish crossover.
Volume spiked during the recent push to $1.39, indicating strong interest but also possible short-term exhaustion.
📌 Summary:
WCT is in an overall uptrend, but facing strong resistance at $1.35+. A healthy correction could test the $1.00 or $0.94 zones before the next leg up. Bulls should look for confirmation near these support levels, while bears may wait for a breakdown below $0.94 for short setups.
🛡️ Trading Tip: Use stop-losses just below support levels and watch for volume confirmation before breakout or breakdown entries.$WCT