$WCT
Overall trend
After listing, WCT had a strong pump up to ~1.5 USD, then adjusted deeply to around 0.3 USD.
Currently, the price is sideways accumulating in a narrow range of 0.28 – 0.40 USD.
Important support – resistance
Strong support: 0.28 – 0.30 USD (tested many times, maintaining price quite well).
Near resistance: 0.38 – 0.40 USD.
Strong resistance: 0.55 – 0.60 USD (if surpassed, it will confirm the medium-term uptrend).
Trading volume (Volume)
The initial pump phase had extremely high volume, then gradually decreased as the price fell.
Recently, volume shows a slight increase → there is a possibility that the cash flow is returning.
Candlestick & price pattern
Price after creating a high, dropped sharply, and is currently forming a bottom around 0.3 USD.
This is a potential bottom accumulation model before a new trend.
Indicator (estimated from the chart)
RSI Daily: currently in the neutral zone → not overbought/oversold.
MACD: likely to converge soon, if it crosses up it will confirm a short-term bullish signal.
📊 Scenario
Positive: Holding above 0.30 USD → may rebound to 0.38 – 0.40 USD, if breakout is successful then the next target is 0.55 – 0.60 USD.
Negative: If it breaks below 0.28 USD with high volume → risk of falling to 0.20 USD.
👉 In summary: WCT is in a quite sensitive price area. This can be considered a low-risk accumulation zone (0.28 – 0.32) for those who believe in the project, but need to wait for confirmation of a breakout at 0.40 to have a clearer bullish signal.
Project @WalletConnect
