$WCT /USDT Technical Analysis – April 17, 2025
WalletConnect Token ( WCT ) is currently trading at approximately $0.4015, experiencing a slight increase of 0.065% over the past 24 hours. The intraday high reached $0.4682, while the low touched $0.3730, indicating moderate volatility.
Key Technical Levels:
Immediate Support: $0.3730
Immediate Resistance: $0.4682
Next Resistance Levels: $0.50 and $0.55
Technical Indicators:
Moving Averages: WCT is currently trading above its 50-day simple moving average (SMA), suggesting potential bullish sentiment.
Relative Strength Index (RSI): The RSI is around 60, indicating neutral market conditions with no clear overbought or oversold signals.
MACD: A bullish crossover has been observed, indicating upward momentum.
Trade Setup:
Long Entry: Consider entering above $0.4682 if the price shows signs of support.
Targets: $0.50 and $0.55
Stop-Loss: Set below $0.3730 to mitigate potential downside risk.
Market Outlook: $WCT 's price movement suggests a cautious bullish trend. A sustained move above $0.4682 could indicate further upside potential. However, failure to hold above $0.3730 may lead to a retest of lower support levels.
Pro Tip: Monitor trading volume and market sentiment closely. A breakout above $0.4682 with increased volume could confirm the bullish trend.
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