💡 Quick technical analysis:
✅ Potential rebound? After dropping to $0.5024, WCT has started showing signs of stability around $0.5255 despite a correction of -5.26%, which may indicate the end of the profit-taking wave!
✅ RSI at 44.49! Still in the neutral zone, indicating that the price has not yet entered the oversold zone – there is a possibility of a near reversal 🔁
✅ MACD shows a slowdown in bearish momentum! The gap between DIF and DEA is gradually narrowing, which could open the door for a bullish crossover soon! 📊
$WCT
📊 Supporting signals:
Trading volume is still high (76K) indicating ongoing market interest.
The moving averages MA(5) and MA(10) are close to each other, indicating a potential consolidation zone before a strong movement.
🚀 Expected scenario:
If WCT can bounce above the $0.54 level, we might see a quick return to test $0.5652 and then $0.58. In case of further decline, the $0.51 area represents a potential support for a strong rebound.
$WCT
🔥 Is WCT preparing for a strong comeback? With signs of stability and a calm bearish momentum, this could be a quiet moment before the storm! Are you ready to seize the next opportunity? 💥