$WCT / USDT Showing Signs of Potential Bottoming on Binance? ๐ค
Current Price: 0.3807 USDT
Change: -8.68%
$WCT / USDT on Binance is showing some potential for a bottom after a significant downtrend on the 4-hour chart.
Key Observations:
* Recent High (24h): 0.4231 USDT
* Recent Low (24h): 0.3737 USDT
* Volume (24h WCT): 42.35M
* Volume (24h USDT): 16.48M
The price has touched the 24-hour low and is showing a slight upward movement. The trading volume has also seen a recent increase.
Considerations:
* Potential Support: The 24-hour low of 0.3737 USDT could represent a potential short-term support level.
* Resistance Level: The recent high of 0.4231 USDT and potentially levels around 0.40 USDT could act as resistance.
* Trend Reversal: While there's some upward movement, it's still early to confirm a significant trend reversal. Further price action and sustained volume are needed.
Disclaimer: This is not financial advice. Always conduct your own thorough research before making any trading decisions.
