๐ $WCT /USDT (1D) โ Bleeding Slowly Into Oblivion?
Price: $0.3450
Timeframe: 1D
Change: -1.34%
๐ Technical Breakdown:
MA 7: $0.3682 (current price below short-term trendline โ bearish)
MA 25: $0.5388 (price collapsed far beneath mid-term momentum)
MA 99: Not available yet due to young listing
๐ง Whatโs Happening?
WCT had a parabolic run-up, printing a wicked top above $1.50, but since then, it's been nothing short of a rug-style decline. Now itโs stuck under major moving averages and bleeding out in silence.
The current price is hovering at pre-pump levels, meaning all short-term hype has fully cooled off. No bounce. No base. Just gravity.
โ ๏ธ Caution Signs:
No clear support holding โ price is drifting without meaningful consolidation.
MA 7 & MA 25 are trending steeply downward, indicating no buyers stepping in.
Risk of falling into the $0.28โ$0.30 range next unless a reversal candle emerges soon.
๐ What to Watch:
SignalObservationVolumeLikely dried upSupport Zone$0.30 (psych level)Bounce ConfirmationDaily close > $0.38Bear Trap RiskPossible, but weak
๐ฎ Outlook:
Short-term: Pain train unless a surprise wick or news breaks.
Mid-term: Needs major reclaim of $0.40+ to regain trust.
Bottom line: Right now it's a falling knife โ catching it without confirmation is not trading, it's gambling.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be brutal โ protect your capital, always trade with discipline!
