🩺 WCT/USDT – Doctor’s Technical Analysis (20 April 2025, 2:40 PM IST)

Current Price: $0.4839 USDT

24h Change: +27.29%

24h High: $0.5600

24h Low: $0.3553

24h Volume: Approximately $599 million

📊 Key Technical Indicators

Relative Strength Index (RSI): Approximately 68

Interpretation: Approaching overbought territory, indicating potential for a short-term pullback.

Moving Averages:

10-Day EMA: $0.4000

50-Day MA: $0.4500

200-Day MA: $0.3000

Interpretation: WCT is trading above its key moving averages, suggesting a bullish trend.

MACD (Moving Average Convergence Divergence): Bullish crossover

Interpretation: Indicates potential for continued upward momentum.​

📉 Support & Resistance Levels

Support Levels:

$0.4500

$0.4000

Resistance Levels:

$0.5600

$0.6000

📈 Chart Pattern

Ascending Triangle: WCT is forming an ascending triangle pattern, which is typically a bullish continuation pattern. A breakout above the resistance level could signal further gains

💡 Buy/Sell Recommendation

Short-Term: Consider entering long positions if WCT breaks above $0.5600 with strong volume.

Stop-Loss: Set a stop-loss below $0.4500 to manage risk.

Target: Monitor for a potential move towards $0.6000.

Long-Term: WCT remains above key moving averages, indicating a bullish trend. Long-term holders may consider accumulating on dips.

✅ Summary Verdict

Short-Term Outlook: Bullish, with potential for a breakout above $0.5600.

Long-Term Trend: Positive, as WCT maintains its position above key moving averages.

Recommendation: Monitor for a breakout above resistance levels and consider entering positions accordingly.