💡 Quick technical analysis:
✅ Noticeable bullish rebound! After dropping to a low of $0.3677, WCT has made a clear rebound to currently settle near $0.3890, reflecting the beginning of new buying momentum.
✅ RSI in the neutral zone! The Relative Strength Index (RSI) is at 48.47, not yet in the overbought area, indicating there is plenty of room for upward movement.
✅ Positive MACD convergence! Although DIF and DEA are still negative (-0.0131 and -0.0136), their convergence and the appearance of the first positive signal (MACD: +0.0005) could be a precursor to a bullish crossover 🔥
✅ Liquidity is improving! A relative increase in trading volume recently indicates a gradual return of buyers.
📊 Moving averages under observation!
MA(5) at 3.04M
MA(10) slightly higher at 6.16M; any break of the averages could serve as a signal for an upcoming launch.
---
🚀 Expected scenario:
If WCT can break the current resistance at $0.3924 (the highest price in 24 hours), the doors may open again to target the $0.42 and then $0.47 areas in the short term.
In case of a pullback, the $0.3750 - $0.3677 area represents solid support that should be monitored.
---
🔥 Is WCT ready to explode?! With improving technical indicators and the emergence of the first signs of upward momentum, this could be the beginning of an anticipated upward wave. The market is moving – are you ready to take off? 🚀🌊