WCT just dropped to 0.3308 on Binance, marking a -4.640.3525. While the recent downtrend might seem discouraging, key technical indicators suggest a potential bounce could be on the horizon.
📉 Quick Technical Breakdown:
✅ RSI is at 23.69 — deep in the oversold zone! This signals potential for a strong rebound if buying pressure kicks in.
✅ MACD remains bearish, but histogram bars show signs of flattening, hinting at possible momentum shift.
✅ Stochastic K at 29.62, nearing a crossover, which often precedes short-term upward moves.
📈 Key Levels to Watch:
- Support: 0.3162
- Resistance:0.3383 – 0.3525
🔥 My Take:
WCT is at a critical point. If bulls step in and volume picks up, we could see a recovery towards0.35. However, confirmation is needed — watch for reversal candles or volume spikes. $WCT
📢 What do you think — is WCT ready to bounce back? Let me know below! 👇
