WCT/USDT Technical Analysis – May 26, 2025
WCT is showing notable movement against USDT with current trading at 0.6467 USDT, up +0.87% on the daily. The asset previously touched a 24h high of 0.6775 USDT and a low of 0.6219 USDT, signaling moderate intraday volatility.
Daily Chart (1D) Highlights:
Price Action: WCT has shown a strong recovery from the support level of 0.2000 USDT, forming higher lows and continuing a bullish trajectory.
Moving Averages: The MA(7) at 0.6461 USDT has crossed above MA(25) at 0.5125 USDT, indicating short-term bullish momentum.
MACD: Bullish crossover observed with MACD line above signal, indicating positive momentum.
Stochastic RSI: Currently at 21.94, nearing oversold territory and suggesting a potential upward move if support holds.
Volume: Accumulation is reflected in gradually increasing OBV, supporting the upward trend.
Hourly Chart (1h) Observations:
Short-term Pullback: After peaking near 0.6775, WCT corrected to 0.6404 before a slight recovery to current levels.
MA Pressure: Price remains below MA(25) at 0.6535, facing resistance. MA(7) at 0.6447 could act as intraday support.
Stochastic RSI: At 45.01, indicating a neutral to mildly bullish momentum.
RSI(6): Reading 47.62, suggesting consolidation before the next directional move.
Conclusion: WCT is currently in a consolidation phase after a strong bullish rally. Holding above 0.6400 keeps the bullish structure intact. A breakout above 0.6780 could trigger further upside, while a drop below 0.6210 may lead to deeper corrections.
Support Levels: 0.6210 / 0.5550
Resistance Levels: 0.6780 / 0.7829
Disclaimer: This is not financial advice. Please conduct your own research before making any trading decisions.
