๐ $WCT /USDT โ Heavy Breakdown, Looking for a Bottom
Trend Context:
After a parabolic rally to ~$1.45, WCT entered a brutal correction phase.
Price has now dropped over 70% from local highs, consolidating near $0.42โ0.43 support.
Moving Averages:
WCT is trading below all key MAs (7, 25, and 99), suggesting ongoing bearish control.
The 7 MA ($0.4279) and 25 MA ($0.4718) are acting as short-term resistance levels.
No sign yet of a bullish crossover or reversal momentum.
Support & Risk Zone:
Strong horizontal support appears near $0.40โ$0.42 โ if this fails, price could revisit $0.36โ0.35 range or lower.
Bullish reversal needs to reclaim $0.50 and flip the 25MA to regain market structure.
๐ง Summary:
WCT is in post-hype exhaustion, currently building a base at former support.
Itโs in a high-risk accumulation zone, but confirmation is still missing.
Watch for volume pickup + reclaim of $0.50 for a safer trend reversal bet.
โ ๏ธ DYOR โ Do Your Own Research
This is not financial advice. Markets can be volatile โ always trade responsibly!