🔄 $WCT /USDT Poised for Breakout — But 99 MA Still Guards the Gate 🚪🚫
The WalletConnect token ($WCT) is showing signs of short-term recovery after an extended pullback. The 1-hour chart reveals a tightening squeeze, with bullish momentum starting to build — but one key level stands in the way.
📈 Current Snapshot:
Price: $0.2996
MA 7: $0.2989 ✅ (Support)
MA 25: $0.2966 ✅ (Support)
MA 99: $0.3016 ❌ (Still acting as resistance)
Price is trading just below the 99-period moving average, which has consistently rejected bullish advances since the July 30th drop. The short-term moving averages (MA 7 & 25) are sloping upward — a bullish sign — but this rally still needs confirmation.
🔍 Key Levels to Watch:
Resistance 1: $0.3016 (MA 99 barrier)
Breakout Zone: $0.3060–$0.3100
Support: $0.2960, then $0.2900
⚙️ Momentum Outlook:
If WCT clears the 99 MA and holds above $0.305, it may trigger a mini-squeeze toward $0.315–$0.320. Failing to break this zone could result in yet another lower high — reinforcing the bearish trendline.
