$WCT /$USDT on the 4-hour chart – bleeding towards the support area
On the 4-hour chart – bleeding towards the support area
📍 Current price: $0.3855
🔻 Nearly 80% drop from the peak — testing historical support
🔍 Price action summary:
After the enthusiastic rise towards $1.80, WCT entered a free-fall phase. No sugarcoating — this is a classic pullback after the hype.
🧠 What the chart shows:
The price is now clinging to the same support area it launched from in mid-May.
7-Day Moving Average (MA7): $0.4020
25-Day Moving Average (MA25): $0.4219
Both above the current price = confirmation of the downtrend.
99-Day Moving Average (MA99): $0.6076 = strong resistance unless a sudden rebound occurs.
📊 Trading volumes are low, and momentum indicators are often in oversold territory — but no clear reversal signals yet.
⚠️ Key levels to watch:
✅ Stability between $0.37–$0.38 = potential base formation (suitable area for risky buying)
❌ Breaking below $0.36 = opens the door for a full return towards $0.28–$0.30
✅ First rebound target = $0.45 (convergence of moving averages and previous consolidation area)
🎯 Potential rebound plan:
Entry: $0.385 (only suitable for adventurers seeking a potential bottom)
Targets: $0.42 → $0.45
Stop loss: below $0.365
📉 Alternative option? Wait for a bullish crossover between MA(7) and MA(25) from below, indicating the start of a trend reversal.
📌 Conclusion:
The currency stands on the edge. It is either forming a capitulation bottom, or it is the calm before another wave of decline.
The decision will be based on trading volume.
⚠️ Alert: Always do your own research – this is not financial advice. Markets are volatile — always trade cautiously!