#TrumpVsMusk
WCT (WeChain Token) Technical Analysis – June 2025
WeChain Token (WCT) has recently caught the attention of traders due to a spike in volume and price volatility.
Trend Overview:
WCT has been in a consolidation phase for several weeks, trading in a range between $0.0045 and $0.0068. However, in early June 2025, it broke out of its resistance zone at $0.0068 with a strong bullish candle, backed by above-average volume — a classic breakout signal.
Moving Averages:
The 50-day EMA has crossed above the 200-day EMA (golden cross), which signals long-term bullish momentum. The price is currently holding above both EMAs, indicating ongoing strength.
RSI (Relative Strength Index):
RSI is at 68, just below the overbought level. This suggests that while the token is bullish, there may be a minor pullback or sideways movement before another push higher.
MACD (Moving Average Convergence Divergence):
The MACD line remains above the signal line, confirming the uptrend. Momentum is positive, though the histogram is showing signs of slowing strength, which aligns with RSI’s near-overbought signal.
Support and Resistance Levels:
Immediate resistance: $0.0082
Key breakout target: $0.0100 (psychological level)
Support: $0.0068 (recent breakout point), followed by $0.0055
Volume Analysis:
Increasing volume on bullish days and declining volume on red candles indicate strong buyer interest and weak selling pressure.
