wct

WCT is currently maintaining a bullish market structure, supported by strong MA alignment and a series of higher lows, indicating healthy trend continuation. Price is consistently holding above key moving averages, which signals sustained buyer control. The zone between 0.1334–0.1490 continues to act as a strong support-resistance flip area, and the recent volume increase confirms renewed interest from traders.

Upcoming Risk: 25 November Token Unlock (10.07%)
A major unlock of 10.07% of the total supply will occur on 25 November. This is a large relative unlock and may introduce:
Short-term selling pressure as newly unlocked tokens hit the marketIncreased volatility, especially if liquidity thins outTemporary dilution, which could cap upside momentum in the short term
However, unlocks can also increase liquidity, and strong demand can absorb selling without major downside.

Balanced View: Bullish Structure vs. Unlock Risk
Bullish case:

The uptrend structure remains intact with higher lows, strong MA positioning, and rising volume. As long as WCT stays above its major support zone, the chart remains technically bullish.
Bearish/Neutral case:

The 10.07% unlock introduces uncertainty. If large holders distribute aggressively, price may retrace toward key support areas before stabilizing.
Trader-Friendly Outlook
Key Short-Term Levels
Immediate support: 0.1490Strong demand zone: 0.1334–0.1490
Resistance: 0.1680 / 0.1770
Possible Pullback Zones0.1490 (first retest level)0.1380–0.1340 (major structural support)
Scenarios
1. If unlock selling pressure hits:
Price may pull back into 0.1490 or even toward 0.1334.Trend remains intact as long as 0.1334 holds.High volatility likely for 24–72 hours after the unlock.
2. If demand absorbs the unlock:
Consolidation above 0.1490 could lead to a retest of 0.1680–0.1770.Continuation of the bullish structure with stronger confidence.
#wct #tokenunlocks $WCT

$WCT Current Price:
0.1598 USDC
Up +13.82% in 24 hours — showing strong short-term bullish momentum.
Recent Price Action
Price recently bounced from a local low around 0.1054, showing strong recovery.
It then pushed up to 0.1780, a clear recent high and potential resistance zone.
After that high, price corrected but formed higher lows, which is a bullish structure.
Currently, candles show rejection wicks from below, suggesting buyers are still active.
Trend Outlook (Based on Chart)
The recent move shows a shift from a flat/downtrend into a short-term uptrend.
Momentum appears bullish, but volatility is high.
Key Levels
Support Zones:
0.1497 – recent support retest
0.1337 – strong historical support on chart
0.1177 – 0.1054 – major support zone (previous bottom)
Resistance Zones:
0.1657 – 0.1704 (24h high zone)
0.1780 – strong resistance, last swing high
0.1817 – next psychological and technical barrier
This shows a slightly heavier sell pressure near the current price, not extreme, but enough to slow immediate breakout attempts.
#BinanceSquareFamily #Binance #wct