$WCT WCT/USDT: Walking the Edge! A Bounce May Follow if Support HoldsWCT/USDT:
Based on the current chart and order book data, WCT/USDT is not in a bad state, but standing in a fragile zone:
1. Price Level:
Currently trading around 0.60948 with a daily drop of -4.28%,
Yet still up +8.99% over the last 7 days
And +37.95% in the past 30 days
This suggests the overall uptrend is still alive.
2. Stoch RSI:
K: 64 — D: 74
RSI is nearing the overbought zone, which could signal a short-term cooldown or pullback.
3. Order Book Analysis:
While surface data shows 80% sell pressure,
There’s a strong wall of buy orders between 0.60900–0.60880
Sell orders above are sparse, especially between 0.61028–0.61142
Meaning: Even a small amount of volume can trigger an upside move.
4. Volume & Moving Averages (MA):
MA(5): 2.42K
MA(10): 9.25K
Volume is relatively low right now. A directional move will likely require increased buying activity.
Conclusion:
WCT is not in bad shape, but walking a fine line.
If the price falls below 0.6080, a downward wave could begin.
However, if it holds this level, a quick rebound to 0.618–0.625 is possible.
Momentum is hiding in the volume. Watch it closely!
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