📉 $WCT /USDT: Wild Spike Rejected – Back to Consolidation After 0.3764 Fakeout?
The WCT/USDT pair just witnessed a wild ride – after exploding to a 24H high of $0.3764, it quickly dropped back to $0.3348 (-2.93%), with 40.72M WCT traded. This massive wick hints at a possible bull trap, and now the token is struggling below key EMAs.
🔍 Chart Breakdown
24H Range: $0.3195 – $0.3764 – massive wick shows high volatility
Current Price: $0.3348 – below EMA(7) at $0.3374
EMA Structure:
EMA(7): $0.3374 (now acting as resistance)
EMA(25): $0.3420
EMA(99): $0.3590 (rejection level confirmed)
⚠️ Momentum Outlook
Bearish Pressure Rebuilding: Price rejected hard at EMA99
Support to Watch: $0.3195 – 24H low, must hold to avoid breakdown
Upside Hurdles: Needs to flip $0.3420 to regain strength
💡 Quick Take
That spike looked promising – but it was short-lived. Now WCT is back under pressure, and unless it reclaims $0.342 quickly, another dip to retest $0.3195 is likely.
Your Move?
Play the bounce or wait for reclaim confirmation?
#WCT #AltcoinWatch #CryptoVolatility #ChartAnalysis $WCT
