$WCT
WCT/USDT – 1-Hour Technical Analysis
Current Price: $0.4181
24H Range: $0.3868 – $0.4557
Technical Indicators:
#wct Moving Averages: The 7-period MA ($0.4057) has recently crossed above the 25-period MA ($0.4163), indicating early signs of a short-term bullish reversal. However, the 99-period MA ($0.4383) remains above the current price and may act as a strong resistance level.
MACD: A bullish crossover is forming, with green histogram bars increasing – suggesting positive momentum.
Volume: Gradual rise in volume points to growing buyer interest.#wct
Key Levels:
Immediate Support: $0.4033
Major Support: $0.3868
Resistance: $0.4247 (MA25), followed by $0.4383 (MA99)
Outlook:
A short-term long position could be considered if the price holds above the $0.4247 resistance.
A stronger bullish confirmation would require a breakout and sustained move above $0.4383.
Conversely, a breakdown below $0.4033 could shift the bias toward a short position.
#wct Recommendation: Monitor price action near resistance levels. A decisive move above $0.4383 may offer a clearer long entry with a tighter risk-reward setup.
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