WCT/USDT — brief technical analysis
Current price: 0.2976 USDT (-3.88%).
The price recently decreased from 0.3878 USDT, indicating a short-term bearish trend.
Moving Averages (EMA):
EMA(7): 0.2999 (short-term)
EMA(25): 0.3074 (medium-term)
EMA(99): 0.3167 (long-term)
The price is below all EMAs, confirming bearish momentum. The short-term EMA crossed the medium-term from below, strengthening the downward signal.
Negative MACD below the signal line indicates a continuing bearish trend. However, close values may signal a slowdown in the decline.
Stochastic RSI:
STOCHRSI: 9.7473
MASTOCHRSI: 3.2491
Very low values — the asset is oversold, a rebound is possible with increased buying interest.
RSI:
RSI(14): 36.50
RSI(7): 32.90
RSI below 50 and approaching the oversold zone (<30), which supports the idea of a recent sell-off and a possible future reversal.
Key levels:
Support: 0.285 / 0.270
Resistance: 0.310 / 0.325 / 0.340
📌Possible targets on rebound:
🎯TP1: 0.310 (+4%)
🎯TP2: 0.325 (+9%)
🎯TP3: 0.340 (+14%)
Conclusion:
Technical indicators indicate a continuing downward momentum, but oversold conditions on STOCH RSI and low RSI values hint at a possible rebound or consolidation in the coming days.
