WCT has pulled back sharply to 0.3248, registering a -6.37% decline over the past 24 hours. After failing to hold above the recent high at $0.3525, selling pressure increased, pushing the price closer to the key support zone at $0.3162. The market is now watching closely to see if bulls will step in — or if further downside is ahead.
📊 Technical Indicators:
RSI is at 46.60, signaling neutral momentum with slight bearish pressure.
Stochastic K/D is weak: K = 19.38 / D = 27.41 — showing oversold conditions may be nearing.
MACD has turned negative: DIF = -0.0032 / DEA = -0.0014 — indicating bearish momentum is gaining.
Volume is modest, suggesting no aggressive buying yet to support a reversal.
Price is hovering below both the MA(5) and MA(10), reinforcing short-term bearish sentiment.
📉 Key Levels:
Resistance: $0.3525 — previous local top and rejection point
Support: $0.3162 — recent swing low and key zone to hold
🔥 My Take: WCT is under pressure and testing critical support. If $0.3162 holds, a bounce-back opportunity could arise, especially with stochastic indicators entering oversold territory. But if this level breaks, a deeper retracement could unfold.
➡️ Next move? Watch the $0.3162 zone closely — bounce or breakdown will likely decide WCT's short-term trend direction.
