💡 Quick technical analysis:
Strong crash! The price dropped from a peak of $1.3941 to $0.5821, with a loss of about 45.60% in just 24 hours – a violent correction opens doors of opportunity for those who watch closely!
✅ Slight rebound! The price is holding above $0.5083 (the lowest price in 24 hours), indicating that sellers are gradually losing momentum.
🔻 RSI at 28.30: the currency is now in the oversold zone – a strong indicator of a potential technical rebound soon.
📉 MACD shows negative momentum but is approaching a potential bottom – if we see a positive crossover soon, this could be a strong entry point.
📊 An explosion in trading volume during the decline may indicate 'panic selling', and this is often followed by a quick technical rebound.
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🚀 Expected scenario:
🔼 In case of a rebound: If the price can exceed $0.63, the first targets will be $0.75 then $0.90 as potential resistances.
🔽 However, if the decline continues: The most important support currently is $0.50, which may form a critical rebound area – breaking below it could open the way towards $0.47 again.
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🔥 Is this a golden opportunity before the explosion?! In the markets, a sharp decline may signal the end of selling, not the beginning. If you are ready for calculated risk, you may be facing a historic entry moment! ⏳
📢 Share your opinion with us! Do you expect WCT to rebound above $1.00 again? Or is the bottom not seen yet? 👇🚀
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📌 My quick tips:
1. Rely on a stop loss below $0.50 to reduce risks.
2. Keep up with the technical news about WCT and WalletConnect projects – any positive development could ignite the price again.
📲 Would you like an instant analysis for any other currency? I'm here to help you make smarter decisions! 💼✅
