#ETHBreaksATH WCT The price has increased by ≈ 14.92% over the past 24 hours, outperforming the market as a whole.
Driving factors:
Gradual listing on the Optimism network on Coinbase started on August 14, enhancing liquidity and visibility (CoinMarketCap).
Technical breakout above the 7-day moving average (~$0.316) and testing the Fibonacci level of 38.2% (~$0.360), with a trading volume increase of 143% (CoinMarketCap).
The Altcoin Season Index has risen by 8.33%, encouraging a shift to high-volatility assets like WCT (CoinMarketCap).
Notes
Monitor WCT trading volume on Coinbase to see if the momentum is sustainable (CoinMarketCap).
From CoinCodex (updated until August 23)
Daily Moving Averages (Daily MA):
SMA 3,5: Recommendation Sell
SMA 10, 21: Recommendation Buy (CoinCodex).
EMA 3,5: Buy; EMA 10,21: Sell (CoinCodex).
Indicators (Oscillators): Mostly neutral including RSI ≈ 52, MACD ≈ 0, and others (CoinCodex).
Support and Resistance Levels:
Support: S1 ≈ 0.3045, S2 ≈ 0.2762, S3 ≈ 0.2615
Resistance: R1 ≈ 0.3476, R2 ≈ 0.3624, R3 ≈ 0.3907 (CoinCodex).
In case of a correction.
It is advisable to use strategies such as dollar-cost averaging (DCA) and stop-loss techniques, while closely monitoring trading volume and moving averages.
Would you like me to provide charts (such as RSI in a specific timeframe or drawn support/resistance lines) or analysis in specific timeframes (hourly, 4-hour, weekly)? Let me know and I will prepare that for you in detail!
