💡 Quick technical analysis:
✅ Strong bounce from support! After dropping to the $0.3040 level, we saw a strong rise towards $0.3152, confirming a clear buying strength and a resurgence of upward momentum.
✅ RSI is in the overbought zone! The Relative Strength Index is at 77.37, indicating very strong momentum, but it also suggests a possibility of a correction soon – and this could be a buying opportunity from the bottom!
✅ MACD is positive and rising! The bullish crossover between the MACD and Signal lines supports the continuation of upward momentum in the short term, especially with increasing trading volume.
📈 Current movement:
WCT is currently stabilizing around 0.3148 with resistance at 0.3152, and if it is breached with a strong close, we may see a surge towards 0.3250 then 0.3400.
🔻 Nearby support: 0.3084 then 0.3040 – areas that could present a buying opportunity in case of a slight correction.
📢 Do you think WCT will surge to 0.35 in the upcoming sessions? Share your predictions! 🚀👇