💡 Quick technical analysis:
✅ Bounce from support! After a clear drop to the level of 0.5451, the price strongly rebounded towards 0.5804, indicating clear buying interest in the support areas.
✅ RSI is moving in a healthy range! The Relative Strength Index (RSI) is at 56.77, not indicating overbought conditions, which means there is good room for continued upward movement 📊
✅ MACD is trending towards positivity! With a potential crossover approaching between the DIF and DEA lines, we may witness a bullish breakout if this crossover is confirmed in the coming hours.
📊 Good trading volume and clear activity! With a trading volume of 155 million WCT in 24 hours, the market shows signs of upcoming momentum.
$WCT
🚀 Expected scenario:
If WCT manages to break through the level of 0.5823 and then the level of 0.6032, we might see a test of the strong resistance at 0.6404 and then the previous peak at 0.6642.
In case of a pullback, the range 0.5613 - 0.5451 will form a vital support area that can be relied upon for another bounce.
$WCT
🔥 Is WCT ready to return to levels of 0.66 and beyond?! With momentum returning to the market and increased interest in infrastructure-related projects, WCT may be at the beginning of a new wave. Will you be part of it? 🌊