🚨 $WCT / USDT – Solid Bounce After Drop! Will It Confirm Trend Change?
📊 Market Summary
• Current Price: $0.3295
• 24h Change: +2.59%
• Volume in BTC: 0.05312
• Ranking: #447
• Recent Trend: Technical bounce after drop to $0.2897
📉 Technical Analysis (1H Chart)
• Recent Support: $0.2897
• Immediate Resistance: $0.3342 (recent high)
• The price strongly broke through MA(50) at $0.3106 and MA(100) at $0.3224.
• Currently trading above all its key moving averages, with MA(7) at $0.3171 acting as dynamic support.
• The structure shows a possible start of a bullish reversal if it manages to consolidate above $0.3235.
📈 Bullish Scenario
• Confirmation above $0.3342 would activate a target towards the $0.3480–$0.3550 zone.
• Increasing volume and candle closes above MA(100) reinforce this possibility.
📉 Bearish Scenario
• If it loses $0.3171 and falls below $0.3106, it could seek again the strong support zone at $0.2897.
⏸️ Lateral Scenario
• Probable consolidation range between $0.3055 and $0.3295 if the volume cools in the coming hours.
✅ Professional Conclusion
$WCT is showing positive technical signals after its recent drop. Overcoming the barrier of $0.3342 could attract greater buying interest. However, it is crucial that the volume confirms the movement to avoid a false breakout.
📣 Would you bet on $WCT this week or do you think it will return to the support of $0.2897? Let me know below.
