$WCT Critical Resistance — Is an explosion coming, or is it another rejection? 🔍📉📈

🚨 $WCT Critical Resistance — Is an explosion coming, or is it another rejection? 🔍📉📈

$WCT @WalletConnect #WalletConnect

WalletConnect's native token $WCT is signaling a serious recovery for the first time after a downtrend. While short-term charts show consolidation, buyers are gradually returning to the scene. However, there is one barrier that still stands strong: 99 MA!

📊 Current Technical Outlook:

Price: $0.2996

MA 7: $0.2989 ✅ (acting as support)

MA 25: $0.2966 ✅ (has turned into support)

MA 99: $0.3016 ❌ (still unbroken, key resistance)

Short-term averages are trending upwards and the price is holding above them — indicating that buyers are gaining strength in a controlled manner. However, the 99-period average has not allowed the price to rise for a while. This level has become a strong resistance line, especially since the drop on July 30.

📍 Key Levels to Watch:

🔐 Resistance 1: $0.3016 → Critical MA 99 barrier

🚀 Breakout Area: $0.3060 – $0.3100

🛡️ Supports: $0.2960 and below $0.2900

⚙️ Momentum Outlook: If $WCT this zone is clearly broken and closes above $0.305, it is possible for the price to quickly escape towards the $0.315 – $0.320 range. However, if the opposite occurs, a "lower high" will form, confirming the downtrend.

📌 Strategic Note:

A breakout is expected

Volume confirmation is important

Watch out for low-volume rises!

🧠 The market is focused on this resistance zone. If we break it, a "mini rally" could occur; if not, there will be "another rejection"!

What's your scenario? Write in the comments! 🗣️