📊 WCT/USDT Analysis (4H)
⚠️ WCT continues to trade within a descending channel, forming a potential reversal zone.
🔹 The price tested the lower boundary of the channel, from where a rebound occurred. The asset is now trying to break the upper trend line while simultaneously facing resistance in the form of the Ichimoku cloud ☁️
🔹 The level of 0.3265 USDT is currently a key battleground.
📈 Bullish Scenario:
A successful consolidation above the channel and the cloud may open the way to levels 0.348 – 0.373, where the 99MA is located.
📉 Bearish Scenario:
Failure to break through and consolidation below 0.319 may lead to a continuation of the downward movement down to the area of 0.290 – 0.275.
📌 We are monitoring volumes and confirmation of the breakout — the market is at a crossroads!