$WCT

June 4, 2025 | 1:16 pm

Highest Price: 0.5280

Lowest Price: 0.4565

24h Volume: 453.68M WCT

Sharp price erosion with intense selling pressure near the previous low

WCT is trading at 0.4678 down by -11.35% after a series of consecutive candles that broke most of the immediate supports, reflecting continued selling dominance despite the price nearing a major support bottom at 0.4565.

◇Analysis and Predictions

The overall trend is still clearly bearish in the short-term and immediate perspective, after a price dumping wave that began following a false breakout of the 0.6150 level. The bottom at 0.4565 forms the last technical defense line before slipping to lower levels, but the nearby price action indicates weak momentum in the recent break, opening the door for a potential corrective rebound if support is successfully established.

◇Monitoring any false break below 0.4565 towards the 0.4480 – 0.4500 area followed by a rapid rebound with a strong reversal candle and high volume may provide a smart entry opportunity to target nearby resistances within a limited technical correction. It is required to maintain price stability above 0.4565 after the rebound to confirm the validity of the scenario.

◇The market is in a clear downward pressure state, but the current bottom is capable of igniting a rapid counter movement provided that reversal confirmations are available. The opportunity for speculators lies in interacting with the expected false break, not in direct entry.

Resistance:

0.4830 (Immediate reversal area from the last rebound)

Support:

0.4565-0.4500 (Critical and repeated technical bottom)

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