WCT chart analysis:
bearish sentiment continues From May to July 2025, the asset price remains in a downtrend.
The support level at ~0.2934 is a key zone.
Moving averages (MA) indicate sellers' dominance.
The nearest target is a test of the support level.
!! Watch the volumes - they can confirm either a reversal or a continuation of the decline.
$WCT Demand Zone - Bullish Reversal From Key
WCTUSDT has formed a potential double bottom and is showing early signs of bullish momentum after holding strong at the $0.2838-$0.2966 support range. The recent bullish engulfing pattern near support indicates accumulation and a possible trend reversal.
If the price holds above the current level, a breakout toward $0.3395 looks probable.
Bullish Trade Setup
Entry: $0.2960 - $0.2975
Take Profit: $0.3395
Stop Loss: $0.2838
R:R Ratio: Highly favorable setup off major support
Watch for volume confirmation to validate the breakout. Momentum favors bulls if this zone holds.