WCT/USDT Daily Chart Analysis (Binance)
Current Price: $0.6416 (-1.35%)
24h High: $0.6775 | 24h Low: $0.6372
Volume (WCT): 16.95M | Volume (USDT): 11.18M
WCT is currently in a slight pullback phase after reaching a recent high of $0.7829. The price is still trading above the 5-day and 10-day moving averages, indicating that the overall short-term trend remains bullish.
Key Indicators:
Bollinger Bands: The price is nearing the upper band (UP: $0.7221), suggesting it may face resistance if momentum doesn’t increase.
MACD: Still in a bullish crossover state (DIF: 0.0593 > DEA: 0.0505), but momentum appears to be flattening.
Support Zone: Around $0.5988
Resistance Zone: Around $0.7016 to $0.7829
Conclusion:
While WCT has pulled back slightly, the uptrend is still intact unless it breaks below key support. Watch for volume confirmation and MACD signals for the next move. A break above $0.7016 could reignite bullish momentum.
