Alex1i9
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Is WCT facing an upcoming upward rebound? A chance to watch closely!
Quick technical analysis:
✅ Sharp drop followed by a notable rebound!
After WCT reached a strong peak at $1.3941, the price violently dropped to $0.5083, with a decline of more than 63%, before it started to recover towards $0.5715 – this may indicate the formation of a short-term bottom.
✅ RSI shows oversold conditions!
The Relative Strength Index is at 31.66, indicating that the price has entered oversold territory. Historically, these areas are a catalyst for upward rebounds.
✅ Negative MACD but momentum is slowing down!
The MACD indicator is still in negative territory (MACD: -0.0143) but the gap between the signal lines is narrowing, which may pave the way for a positive crossover soon.
✅ High trading volume!
Significant increase in trading volume at the beginning of the rebound, reflecting the likelihood of renewed buying interest at these low levels.
$WCT
🚀 Expected scenario:
🔼 If WCT maintains support at $0.50 - $0.57, we may see a new test of levels $0.85 - $1.00 in the coming hours or days.
🔽 If the support is broken, it may test lower levels, possibly down to $0.45 or less, especially if buyers fail to maintain momentum.
$WCT
WCT
0.5583
-30.99%
🔥 Is WCT ready for a price explosion?!
With such a sharp drop and the beginning of signs of a rebound, WCT may have a strong speculative upward opportunity. Especially since some indicators suggest the possibility of a short rebound wave or even a trend reversal in the near term.
📌 Important tips:
1. Monitor the $0.57 level closely, as it is key to the upcoming movement.
2. Do not enter with all your capital, and distribute your positions in anticipation of volatility.
3. Set a clear stop loss below $0.50 to protect your capital.
4. Monitor the technical indicators on the larger time frame (4H and 1D) for confirmations.
$WCT
📢 Share your opinion! Do you expect WCT to rise again above $1.00? Or is the decline not over yet? 🤔👇
#wct #WCTToken #Write2Earn
✅ Sharp drop followed by a notable rebound!
After WCT reached a strong peak at $1.3941, the price violently dropped to $0.5083, with a decline of more than 63%, before it started to recover towards $0.5715 – this may indicate the formation of a short-term bottom.
✅ RSI shows oversold conditions!
The Relative Strength Index is at 31.66, indicating that the price has entered oversold territory. Historically, these areas are a catalyst for upward rebounds.
✅ Negative MACD but momentum is slowing down!
The MACD indicator is still in negative territory (MACD: -0.0143) but the gap between the signal lines is narrowing, which may pave the way for a positive crossover soon.
✅ High trading volume!
Significant increase in trading volume at the beginning of the rebound, reflecting the likelihood of renewed buying interest at these low levels.
$WCT
🚀 Expected scenario:
🔼 If WCT maintains support at $0.50 - $0.57, we may see a new test of levels $0.85 - $1.00 in the coming hours or days.
🔽 If the support is broken, it may test lower levels, possibly down to $0.45 or less, especially if buyers fail to maintain momentum.
$WCT
WCT
0.5583
-30.99%
🔥 Is WCT ready for a price explosion?!
With such a sharp drop and the beginning of signs of a rebound, WCT may have a strong speculative upward opportunity. Especially since some indicators suggest the possibility of a short rebound wave or even a trend reversal in the near term.
📌 Important tips:
1. Monitor the $0.57 level closely, as it is key to the upcoming movement.
2. Do not enter with all your capital, and distribute your positions in anticipation of volatility.
3. Set a clear stop loss below $0.50 to protect your capital.
4. Monitor the technical indicators on the larger time frame (4H and 1D) for confirmations.
$WCT
📢 Share your opinion! Do you expect WCT to rise again above $1.00? Or is the decline not over yet? 🤔👇
#wct #WCTToken #Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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