🧑💻Technical Analysis🧑💻
$WCT
🧭 Trend Analysis:
• Short-Term Trend: Sideways with minor bullish inclination.
• Medium-Term Trend: Trying to bounce back from recent downtrend.
• Long-Term Trend: Unknown owing to data deficiency.
📊 Support and Resistance:
• Immediate Support: $0.0185.
• Major Support Zone: $0.015 – $0.017.
• Immediate Resistance: $0.0265.
• Breakout Target: $0.030 – $0.034.(if there is a spike in volume)
📌 Chart Pattern (4H / Daily):
• Consolidation Zone: Price is trading within a tight range between $0.018 and $0.026.
• Breakout Watch: Strong move over $0.026 with volume would take it toward $0.03+.
• False Breaks and Wicks Likely: Low liquidity makes wicks and false breakouts more likely.
📈 Bullish Case:
• Break over $0.0265 with decent volume.
• RSI remains above 60.
• MACD maintains positive crossover.
• Next level: $0.030 → $0.034.
📉 Bearish Case:
• Loss of support at $0.018.
• RSI falls below 45.
• MACD goes bearish.
• Possible drop to: $0.015 – $0.013.(accumulation zone).
🧠 Sentiment & Fundamental Notes:
• WCT is associated with WalletConnect, a large Web3 infrastructure protocol, which provides it with robust long-term prospects.
• The token remains in nascent stages; price behavior can be speculative and unstable.
• Project developments, major exchange listings, or adoption announcements might catalyze rallies.
#WalletConnect @WalletConnect