WCT/USDT Analysis – Daily Chart 🕵️♂️
Current Price: $0.432 (+9.06%)
Chart Pattern: After a sharp drop from its peak, WCT appears to have found support on an ascending trendline.
Bollinger Bands: The price is near the lower band and bouncing upwards, indicating a potential mean reversion.
Bullish Signal: A bounce from strong support with a bullish engulfing candle suggests possible upward momentum.
Targets:
Immediate resistance: $0.63 (mid-Bollinger level)
Stronger resistance: $1.05 (upper band)
Conclusion:
WCT is showing signs of a trend reversal after a healthy correction. As long as the ascending support holds, a move toward the $0.63–$1.05 zone is likely.
