The price $WCT has stabilized above the 7-day moving average ($0.3144), RSI(14) is at 43.45 (neutral), and the MACD histogram shows a decrease in bearish pressure.
What this means: A breakout above resistance at $0.3165 (MA-99) indicates a short-term bullish sentiment. However, the 30-day SMA ($0.32694) remains a resistance level above. Fibonacci levels highlight $0.3458 (50% retracement) as the next important target.
What to watch for: A close above $0.3458 could lead to further gains, while a drop below $0.30 may lead to a resumption of selling pressure.#wct #WalletConnect @WalletConnect