๐ WCT/USDT Technical Analysis Update โ Short & Long-Term Outlook ๐๐
๐งญ Trend Overview
๐ Short-Term Trend: Bearish to Neutral
The price has been in a consistent downtrend, recently tapping into the main support zone around $0.2843, which held strong, showing potential signs of buying interest.
However, unless volume increases and it can break above local resistance levels, the trend remains weak in the short term.
๐ Long-Term Potential: Recovery Possible If Support Holds
If WCT manages to hold above the main support zone, it could gradually reclaim higher resistance levels, setting up for a bullish reversal in the coming weeks or months.
๐ Support Zones
โ Main Support Zone: $0.2843 โ $0.3000
๐จ Local Support Zone: $0.3191 โ $0.3362
These zones act as cushions for any price dips. As long as WCT holds above $0.2843, the bulls may attempt a recovery.
๐ Resistance Zones
๐ด First Resistance Zone: $0.3433 โ $0.3559
๐ด Next Resistance Zone: $0.3649 โ $0.3758
๐จ Strong Resistance Zone: $0.4325 โ $0.5080
Any break above these levels with volume confirmation could spark a strong rally.
๐ฏ Target Levels
๐ Short-Term Target:
Target 1: $0.3362
Target 2: $0.3559
๐ Long-Term Target (If bullish momentum resumes):
Target 1: $0.4325
Target 2: $0.5080
Target 3 (Macro): $0.7463 (ATH zone)
๐ฎ Next Move Possibilities
๐น Bullish Case:
If the price holds above $0.2843 and breaks above $0.3191 with good volume, it may aim for $0.3433 and higher.
๐น Bearish Case:
A breakdown below $0.2843 could send WCT toward the next untested support near $0.2369, triggering further downside.
WCT is currently at a crucial level. Short-term traders should watch for a break above $0.3191, while long-term holders should monitor support at $0.2843. The next few days could define the direction for July.
๐ Always apply risk management, especially in low-volume conditions.
