$WCT The price has experienced a -1.82% decline over the past 24 hours and a -14.1% decline over the past 7 days, underperforming the global cryptocurrency market (down -1.9%) and similar Ethereum ecosystem tokens (up 12.7%).

#wct has been in a consolidation phase after a significant pullback from its all-time high of $4.46 on March 7, 2025, and is currently trading near its cycle low of $0.281076 recorded on April 15, 2025.

Over the past 18 days, WCT has slid from $0.58 to $0.35, a -39% pullback, with today’s price at $0.354, slightly below the 7-day average of $0.376 and the 14-day average of $0.373.

Key Levels:

Resistance:

Immediate resistance is at $0.36 to $0.39. A breakout above $0.39 could signal a bullish reversal targeting $0.44 or higher.

Previous resistance levels include $0.446 and $0.56.

Support:

Current support is at $0.34, with a critical level at $0.31 to $0.30 if bearish momentum persists.

A historical demand zone exists around $0.35, which has acted as support in the past.

Technical Indicators:

Relative Strength Index (RSI): RSI is nearing oversold territory, indicating potential exhaustion of sellers. This could precede a bounce if buying volume increases.

Moving Average Convergence Divergence (MACD): MACD shows bearish momentum with convergence, suggesting a possible slowdown in downward pressure.

Moving Averages:

The price is below both the 7-day ($0.376) and 14-day ($0.373) moving averages, reinforcing short-term bearish sentiment.

However, bullish signals from 16 technical indicators (as of May 27, 2025) suggest potential for recovery if the price holds above support.

Volume: Trading volume has increased significantly, with a 107.7% rise in the last 24 hours to $79.35M, indicating heightened market activity.

Trading Recommendations:

Long Opportunity:

Consider entering a long position near $0.34 support with a stop-loss at $0.31 and targets at $0.36 and $0.39 for a short-term trade (1-2% profit potential).

DYOR!! Not Financial Advice