#WCTonBinance #BinanceLaunchpoolINIT $WCT

Current Observations:

Current Price: $0.3934 (down 19.19%)

24h Range: High $0.4888 / Low $0.3608

Recent High: $0.6537 (sharp spike, likely an anomaly or news-driven)

Moving Averages:

MA(7) = 0.4055 (short-term bearish since price is below)

MA(25) = 0.4108 (also bearish crossover)

Volume: Recently dropped after a surge — fading momentum

Order Book: Slight bearish pressure (Ask side stronger at 51.43%)

Short-Term Prediction:

The price action is consolidating after a big move up and then down.

With the price below both the 7 and 25 MA and volume tapering, a short-term bearish or sideways movement is likely unless new buying pressure appears.

Support zone: Around $0.36 – $0.38

Resistance: $0.41 – $0.42 (MA and previous minor highs)

Next Moves Could Be:

1. Sideways movement in the range of $0.38–$0.41

2. Bearish dip to test the support near $0.36 if volume continues to drop

3. Bullish reversal only if volume spikes again and price breaks above $0.42 with confirmation