$WCT /USDT Gearing Up for a Breakout?
@WalletConnect appears to be stabilizing after a prolonged downtrend. Recent price action shows signs of accumulation just above key moving averages a potential setup for a bigger move.
Technical Snapshot:
Price is hovering above the 20-day MA, showing early signs of strength
Currently testing the 50-day MA, acting as short-term resistance
Volume profile suggests low volatility — often a precursor to breakout movement
Upside Levels to Watch:
$0.38 – Local resistance from recent swing high
$0.44 – Aligned with the 200 MA, a critical breakout zone
$0.50 – Strong psychological resistance, could trigger FOMO if cleared
Support Structure:
$0.33 – First line of defense near 20 MA
$0.30 – Key structural support and accumulation range low
Outlook:
A clean breakout above $0.38–$0.40 with volume could shift short-term sentiment bullish. Holding above $0.33 keeps the setup valid.
No confirmation = no chase. Let price lead.
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