$WCT Technical Analysis
Current Price: $0.3370 – $0.3371
24h Change: +6.0% to +6.3%
24h High/Low: $0.3495 / $0.3091
24h Volume: 29.26M WCT
1️⃣ Trend & Moving Averages
EMA(7): 0.3291 –Above EMA(25) and EMA(99) on 4H chart,showing a short-term bullish momentum.
EMA(25): 0.3145 Trending upwards, confirming medium-term bullish shift.
EMA(99): 0.319 Recently crossed by EMA(25), a potential golden cross forming on lower timeframes.
daily chart, EMA(99) at 0.4041 is still above price
2️⃣ Price Action
Price recently bounced from $0.28 support and broke above $0.31 resistance.
Current zone $0.335–$0.34 is acting as minor resistance.
A breakout above $0.349–$0.35 could open the way to $0.38- $0.40
3️⃣ Order Book Insights
Sell pressure: Large sell orders at $0.40 (136K WCT) and $0.35 (922K WCT)
Buy support: Strong buy wall at $0.33 (1.36M WCT)
Suggests accumulation between $0.31–$0.33.
4️⃣ Indicators
RSI(6) ~ 66 → approaching overbought zone, but still room for upside.
MACD: Slight bullish crossover, momentum building but not yet explosive.
OBV: Still negative from previous sell-off, meaning buyers are returning but volume needs to sustain.
5️⃣ Key Levels
Support:
$0.33 (Strong)
$0.31
$0.28 (Major swing low)
Resistance:
$0.35
$0.38
$0.40 (Major)
6️⃣ Trading Plan Ideas (Not Financial Advice)
Bullish Scenario: If price sustains above $0.335 and breaks $0.35 with volume, target $0.38–$0.40.
Bearish Scenario: If price fails at $0.35 and breaks below $0.33 support, expect pullback to $0.31–$0.28.
Risk Management: Given high sell walls, a quick pullback is possible,consider tight stop-loss under $0.33 for short-term trades.
📌 Summary:
WCT is showing early bullish momentum after a bounce from $0.28, breaking short-term resistance levels. However, significant sell pressure around $0.35–$0.40 means bulls will need strong volume to push further. Short-term traders can look for momentum above $0.35,while long-term buyers may accumulate near $0.31–0.33
