$WCT WCT/USDT Price Analysis –bullish or bearish review
Current Price: $0.6860 (+2.99%)
24H Range: $0.6372 - $0.6985
Volume: 17.27M WCT
WCT/USDT is showing a strong bullish momentum after a significant breakout from the $0.45–$0.55 consolidation range. On May 19, the price surged over 14%, closing at $0.5881 with strong volume, confirming bullish sentiment.
Support Levels:
$0.5556 – A recent support zone that previously acted as resistance.
$0.5129–$0.4792 – Previous consolidation area, acting as a strong base.
Resistance Levels:
$0.6985 – Immediate resistance tested in the last 24h.
$0.7829 – Local high which could be the next target if momentum continues.
$0.8121 – A long-term resistance zone on the chart.
Indicators:
MA(7) > MA(25) – Indicates bullish short-term momentum.
MACD > 0 – Confirming the uptrend with positive momentum.
Volume spike on breakout day suggests growing interest and accumulation.
Outlook:
The current trend is bullish. If WCT breaks above the $0.6985 resistance, it could retest $0.78 or even move toward $0.81. However, a pullback toward $0.55–$0.58 could offer a healthy correction and a potential re-entry point.
Strategy:
Watch for a breakout above $0.70 with volume confirmation or buy the dip near $0.58–$0.55 support. Maintain caution if price falls below $0.51, which could indicate a trend reversal.
