WCT Defends Key Support, Market Eyes Upside
$WCT is currently trading around $0.306 on Binance, showing slight downside pressure but still defending its major support level near $0.30. This zone has acted as a critical pivot in recent sessions, attracting steady buying interest whenever price dips below $0.305.
From a technical perspective, the token is consolidating after recent volatility. The RSI is stabilizing near the midline (50), suggesting a balanced tug-of-war between buyers and sellers. The MACD lines are flattening, indicating reduced downside momentum. This sets up a potential reversal if buyers step in with volume.
The immediate resistance sits between $0.325 – $0.33, a zone that has rejected multiple breakout attempts. A decisive close above this region would confirm strength, potentially opening a path toward $0.34 – $0.36. On the downside, failure to hold $0.30 could expose the token to a retracement toward $0.285 – $0.28.
Currently, the token is in a consolidation phase that favors range trading strategies. Aggressive traders are eyeing entries near $0.30 with tight stop-losses, while conservative players may wait for confirmation above $0.33.
As long as $0.30 support remains intact, the medium-term outlook leans constructive, with $0.34 acting as the next target for bulls.
☞ Before trading, always do your own research and verify everything yourself. Never rely blindly—make informed decisions
Before trading, always do your own research and verify everything yourself. Never rely blindly.
