Is WCT in a temporary bottom? A sharp collapse may be the beginning of an upcoming recovery! 💥
💡 Quick Technical Analysis:
Strong collapse! The price dropped from a peak of $1.3941 to $0.5821, with a loss of approximately 45.60% in just 24 hours – a violent correction that opens the doors to opportunities for those who monitor closely!
✅ Slight rebound! The price is holding above $0.5083 (the lowest price in 24 hours), indicating that sellers are gradually losing momentum.
🔻 RSI at 28.30: the currency is now in the oversold zone – a strong indicator of a potential technical rebound soon.
📉 MACD shows negative momentum but is approaching a potential bottom – if we see a positive crossover soon, this could be a strong entry point.
📊 A surge in trading volume during the decline may indicate "panic selling", which is often followed by a quick rebound.
