$WCT Walletconnect Chart Review :
-
The market has evolved since the previous analysis. The "Lower Probability" bullish scenario has played out, leading to a significant shift in the immediate market structure. The sentiment has now moved from bearish to neutral, with emerging bullish potential.
> Recap and Confirmation: The Breakout
As projected, the critical resistance zone at $0.295 - $0.300 was the key battleground. The bulls have decisively won this fight. The price has broken through this level and, importantly, has continued its upward momentum without an immediate rejection.
This former resistance zone should now be considered the new primary support level.
>> New Technical Idea
With the previous resistance cleared, the price is now facing its next major obstacle: the Ichimoku Cloud (Kumo).
Immediate Resistance: The price is currently testing the bottom edge of the cloud (Senkou Span A), around $0.315 - $0.320. This is the immediate hurdle that needs to be overcome.
Major Resistance Zone (The Cloud): The entire cloud, from roughly $0.315 up to $0.335, represents a thick area of potential resistance and equilibrium. Trading within the cloud often indicates choppy, consolidated price action.
Confirmed Support: The breakout level of $0.295 - $0.300 is the most critical support to watch. As long as the price remains above this zone, the immediate bullish case remains valid.
