$WCT

🔍 Brief Technical Analysis:

1. Current Price:

Current Price: 0.5758 USDT

Strong drop of -45.70% in 24 hours.

Highest Price in 24 hours: 1.3755 USDT

Lowest Price in 24 hours: 0.5065 USDT

This shows a sudden sharp collapse in price, which may be due to negative news or mass selling.

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🔸 Important Technical Indicators:

✅ 1. Relative Strength Index RSI (6):

RSI = 71.74

⬆️ In the overbought area, which may indicate that the price has risen significantly recently, but is still at the beginning of a recovery.

✅ 2. Stochastic RSI:

STOCH RSI = 100

⬆️ At the highest level, confirming overbought conditions and indicating a potential upcoming price correction (temporary drop).

✅ 3. Williams %R:

Wm %R = -4.28

⬆️ Also in the overbought area (above -20), supporting the likelihood of a temporary drop.

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🔴 MACD Indicator:

MACD = -0.035869

DIF and DEA are negative

This indicates that the overall momentum is still negative despite some recent recovery.

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🔸 Price and Trend (through candles and SAR indicator):

The SAR indicator shows its points above the price for a long time (downward trend), but now the price has started to approach breaking above it.

A bottom was recorded at 0.5065 with some rebound, which may indicate the beginning of a consolidation phase.

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📊 Trading Volume:

Volumes increased with the significant drop, then began to decrease, indicating a slowdown in selling pressure and possibly the entry of some buyers.