💡 Quick technical analysis:
✅ Sharp drop followed by a noticeable rebound! After falling to a low of $0.4580, WCT showed signs of recovery and bounced back to $0.4687, which may indicate the entry of smart liquidity at support.
✅ RSI indicates an approaching reversal! The Relative Strength Index is at 33.51, which means the currency is nearing the oversold zone – and this often serves as a precursor to an upward breakout! 📊
✅ MACD is very convergent! The slight difference between DIF and DEA (-0.0046 vs -0.0040) indicates a decline in negative momentum, and we may see a positive crossover soon.
$WCT
🚀 Expected scenario:
If the price surpasses the short-term resistance at $0.4718, we may see a return to levels of $0.49 - $0.50 in the short term. However, in case of a pullback, $0.4580 is considered a very strong support level for the price.
$WCT
🔥 Is WCT on the verge of a new breakout?!
With increasing trading volumes and approaching technical support areas, the opportunity may be at hand! Will you be one of the first to seize it? 🌊🚀
