The $WCT /USDT perpetual contract on Binance has exhibited a notable price movement over the past six days, from Tuesday to Sunday. Initially, the chart displays a clear downtrend from Tuesday to Friday, with prices fluctuating between $0.3350 and $0.2850.
However, on Friday, the price action shows a significant shift, with a breakout above the previous resistance level of $0.3075. This 3-day breakout, highlighted in red, indicates a potential change in trend. Since then, the price has consolidated between $0.3200 and $0.3245, with a current price of $0.3229.
Key support levels include $0.3075, $0.3000, and $0.2950, while resistance levels are $0.3200, $0.3245, and $0.3300. The short-term trend appears to be bullish, but the long-term trend remains bearish, with the price below the key resistance level of $0.3350.
Traders should closely monitor these levels and adjust their strategies accordingly.
Buy here đđ»$WCT