💡 Quick technical analysis:
✅ Clear rebound! After the sharp drop to 0.3352, WCT began a gradual recovery and has now reached 0.4022, reflecting the entrance of buyers and improved sentiment.
✅ RSI at 67.94 – approaching the overbought area, indicating strong momentum but requires caution from nearby resistances.
✅ MACD is positive! A bullish crossover between the DIF and DEA lines gives a sign of upward momentum, and we may see a continuation of the green wave if the volume increases.
📊 Volume is good and gradually increasing – excellent support for building an upcoming wave of rise if the current activity continues.
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🚀 Expected scenario:
If WCT breaks the nearby resistance area of 0.4229, we might see a rapid surge towards:
✅ 0.45
✅ Then 0.48
✅ And maybe test the previous peak at 0.56 in the medium term.
In case of correction, 0.3703 constitutes an important support, and breaking it could open the way towards 0.34.
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🔥 Is WCT ready to take off again?!
All indicators say yes! But caution is necessary with the approaching overbought condition, setting targets and taking profits wisely will be the key to success!
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📌 Important tips:
🔹 Use a stop loss below 0.37 to avoid risks.
🔹 Don't forget to divide your entry and exit positions and don't chase the market randomly.
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📢 Do you expect to see WCT return to half a dollar soon? Or is the correction not over yet? Share your opinion! 🚀👇