$WCT /USDT – Early Breakdown or Hidden Entry?
WCT is showing signs of weakness despite a daily gain of +1.19%, and the 1H chart reveals a potential shift in momentum:
Market Snapshot
Current Price: $0.6442
24h High / Low: $0.6775 / $0.6219
Volume ( $WCT ): 20.42M
1H MA Insights
MA(7): $0.6549 (just turned into resistance)
MA(25): $0.6558 (crossed downward — short-term bearish bias)
MA(99): $0.6299 (next key support level)
Price Action Summary
Local Top: $0.6998
Bearish Crossover: MA(7) < MA(25), sign of short-term downside pressure
Volume: Weakening as the price drops — indicates cautious selling, not panic
Key Levels
Support
$0.63 (MA99): Strong support zone
$0.62: Daily low, last defense
Resistance
$0.655–0.66: MA cluster — now resistance
$0.70: Breakout target if bulls return
Trade Setup Ideas
Short-Term Bearish
Entry: $0.644–0.648
SL: $0.662
TP: $0.63 / $0.62
Bullish Bounce Opportunity
Entry: $0.63–0.627 zone
SL: $0.615
TP: $0.655 / $0.68
Conclusion
WCT is at a short-term decision point. It's currently in a pullback phase, but if the $0.63 zone holds, it could offer a nice reversal entry. Otherwise, more downside could follow.