Analysis date: May 20, 2025
Price at publication: $0.6294
Daily change percentage: +18.08%
Today's highest price: $0.6392
Lowest price today: $0.5322
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📢 The most important news:
WCT currency is experiencing strong growth of nearly 18% today, breaking a key resistance level after a consolidation phase that lasted for days… Are we witnessing the beginning of a new upward wave?
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📊 Technical analysis:
Current support: $0.5320
Next resistance: $0.6550
RSI (Relative Strength Index): 71 – Near overbought territory
MACD: Positive crossover – indicates continuation of the upward trend in the short term
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✅ Positive factors and opportunities:
Strong buying momentum from short-term traders
Breaking clear technical resistance at $0.60
Increased volume on major trading platforms
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⚠️ Risks:
RSI approaching overbought levels may be followed by a correction
Overall market volatility remains high
Strong nearby resistance could lead to quick profit-taking
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📌 My personal opinion:
For short-term speculators:
Current entry point with stop loss below $0.57 – target at $0.655
For medium to long-term investors:
The price is still within suitable areas for partial accumulation, but it is preferable to divide on stages in anticipation of any corrections.
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