#WalletConnect
📈 $WCT/USDT Market Analysis – Bullish Signs Emerging! 🌟
WCT is showing strong bullish momentum today, currently trading at $0.3814 (+6.60%), after forming a classic W-pattern, a reliable reversal signal suggesting a strong upside breakout.
✅ Key Highlights:
🔹 W-Pattern Breakout:
WCT just broke out of a textbook W-pattern around the $0.3578 neckline, confirming bullish reversal from recent lows.
🔹 Volume on the Rise:
Gradual increase in volume supports the breakout. Volume surged to over 24.5M WCT, signaling growing investor interest and momentum.
🔹 Bullish EMA Structure:
Short-term EMAs (7 & 25) are curving upwards and spreading apart, a clear bullish crossover setup.
Price is comfortably above EMA(99), adding long-term strength.
🔹 RSI:
Currently near 71, indicating strong buying pressure—but not yet in extreme overbought territory.
🔹 Order Book Strength:
Buy wall is dominating at $0.3810–$0.3814, showing demand absorption and accumulation around current levels.
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🛡️ Support Zone: $0.357–$0.365
🚀 Resistance to Watch: $0.385 – $0.392
📊 Sentiment: Bullish
📣 Strategy Suggestion: Consider partial entries on dips with tight stop-losses below neckline. Trail profits if price crosses $0.385 cleanly. Monitor RSI for signs of overextension.
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📌 DYOR (Do Your Own Research)
While indicators and patterns are aligning bullishly, always manage your risk and stay updated with broader market sentiment.
🙏 Thanks for your time, and happy trading!
