๐ $WCT /USDT โ Technical Outlook (4H)
WalletConnect Token (WCT) is showing signs of a short-term bullish reversal after an extended downtrend. The price has reclaimed both MA7 ($0.3002) and MA25 ($0.3107), and it's now pushing toward the 99-period MA resistance.
Structure Highlights:
First bullish engulfing candle after a long decline.
MA crossover between 7 and 25 underway โ bullish signal.
Price is approaching the critical MA99 at $0.3504, which acts as a short-term trend-defining level.
๐ฏ Target Levels:
Target 1 โ $0.35
โค Test of the 99 MA and local structure
Target 2 โ $0.42
โค Mid-zone from previous consolidation
Target 3 โ $0.50
โค Psychological level and resistance before May breakdown
๐ป Key Support Zones:
$0.30 โ Now flipped into support
$0.28 โ Breakdown level from June 25
๐ฌ Commentary:
If the price breaks above the 99 MA with volume support, the momentum may accelerate fast due to the vacuum zone between $0.35โ0.50. However, a failure to hold $0.30 could trap breakout buyers.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!
