🔄WCT/USDT Preparing for a Breakout — But MA 99 Remains the Decisive “Hurdle” 🚫

WalletConnect is showing signs of short-term recovery after a prolonged correction. On the 1-hour timeframe, the price is narrowing its range, signaling a potential preparation for a breakout. However, there is still a key resistance level that buyers need to overcome.

📈 Current Picture

Current price: $0.2996

MA 7: $0.2989 (acting as support)

MA 25: $0.2966 (strong support)

MA 99: $0.3016 (still an important resistance)

Since the sharp decline on July 30, the MA 99 has continuously acted as a “barrier” causing every recovery attempt to be rejected. Currently, the price is just below this level, while both MA 7 and MA 25 are sloping upwards, reinforcing the short-term bullish signal. Nevertheless, the market still needs a clear confirmation before entering a real breakout phase.

🔍 Important Levels to Watch

Resistance 1: $0.3016 (MA 99) — the first gateway to confirm the breakout.

Breakout zone: $0.306–$0.31 — if this zone is surpassed, the likelihood of a strong increase will be higher.

Nearby support: $0.296

Deep support: $0.29 — if this level is breached, the risk of forming a lower high will increase.

⚙️ Momentum Outlook

Bullish scenario: If WCT breaks above MA 99 and holds above $0.305, it is likely to trigger a mini-squeeze towards the $0.315–$0.320 range.

Bearish scenario: If it fails at the $0.3016–$0.3060 zone, the price is likely to reverse, creating another lower high and continuing the downtrend.

⏳ Conclusion: $WCT is at a technical “crossroad.” Successfully surpassing MA 99 could pave the way for a quick rise. Conversely, if it continues to be rejected, the market will consolidate the current downtrend. @WalletConnect #WalletConnect