📉 Current price and movement
The current price ranges between $0.29–0.30, with a decline of -4% over the last 24 hours and a close correlation with the values reported on CoinGecko and CoinMarketCap, which reported a price of around $0.2876 and a market cap of approximately $53–54 million.
The price fell to its lowest cyclical point at $0.2811 in mid-April, after reaching an ATH of $1.34–1.35 at the end of May 2025, indicating a drop of over 90% since the peak.
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🔧 Technical Indicators
Total recommendations according to Investing.com on the daily frame (1D): Technical analysis shows a "strong sell" rating where the negatives outweigh the positives (12 MA sell, 11 technical indicators sell, and no buy signals).
Bitget indicators execution: 13 MA sell and 2 neutral, with a total of 15 sell recommendations versus one buy recommendation — reinforcing a "strong sell" evaluation as well.
Binance's evaluation for the 1-hour timeframe shows RSI(6) at 46.96, within a neutral range, with the price moving in a narrow range near support ~0.3235 after a downward correction from 0.3758, entering a phase of building a new price base.
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📊 A look at the chart and price behavior
In TradingView, an analysis of the WCT/USDT pattern indicates a breakout from the consolidation zone between levels $0.87–0.94 (before the major correction) and then retesting it as a support level, which is a continuation pattern of its mid-term upward trend. Currently, the price is trading around 0.60 before further retracement (various sources show discrepancies, due to differences in tokens or charts).
Overall, the chart indicates that the price is in a "make-or-break" situation, with a critical support area that should be closely monitored for phased buying (DCA) with a tight stop-loss around ~0.594 according to various analysts.
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✅ Summary technical evaluation
Scope current evaluation
Overall trend Bearish to neutral (Sell / Strong Sell)
Nearby support around $0.29 – strong support zone at ~0.28–0.29
Resistance ~$0.323 – short-term resistance level
Technical signals Dirty MA, low RSI, most indicators in the sell zone
Momentum low, high volatility, moderate trading volume
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⚠️ Risks and potential strategy
Risks: The price is now close to the current cycle low, with limited liquidity, significant volatility, and a drop from ATH of approximately -80% to -90%.
Potential strategy: enter in phases (DCA) near support levels ($0.29–0.28), with a solid stop-loss below -5% from the main entry point. If the price can consistently exceed ~$0.323 with strong trading volume, it may present a trading opportunity towards higher potential targets like $0.37–0.40 (for previous technical levels).
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🧭 Conclusion
The current technical trend is negative and shows strong selling pressure, with no clear entry signals at the moment.
The price needs a clear breakout with increased trading volume above resistance ~$0.32–0.33 to begin a potential positive shift.
In detail, currencies like WCT require good risk management from you, and avoiding being swayed by superficial positive signals without clear confirmation. $WCT