💡 Quick technical analysis:
❗ Calm before the storm? WCT is moving in a sideways range after a slight decline of -2.00% to settle at $0.5302, which is close to the lowest level in 24 hours ($0.5261) – potentially forming a strong support base!
✅ RSI index at 31.40 – Entered the oversold zone, which usually indicates a potential positive reversal is near.
⚠️ MACD is still neutral currently (0.0000), but the convergence of its lines (DIF and DEA) could be a precursor to a bullish crossover that ignites the next rise!
🔎 The price had previously touched a peak of $0.5652, providing a clear initial target in case of a rebound.
$WCT
🚀 Expected scenario:
If WCT manages to hold the support at $0.5260 and launch from there, we may see a quick test of the $0.5500 - $0.5650 area.
In case of a breakdown, retracements may extend to test lower levels at $0.5020.
$WCT
🔥 Is this the moment for smart buying?: With WCT approaching strong support levels and increasing the likelihood of a technical rebound, this could be an opportunity to accumulate before the next explosion! 📊
