@walletconnect #WalletConnect $WCT

🔍 WCT/USDT Asset Analysis (4H, Binance)

The current 4-hour WCT/USDT chart shows a clearly defined downward channel, in which the price has been moving steadily since the beginning of June.

📉 Technical picture:

Trend:

The price is in a stable bearish trend, forming lower highs and lows.

Moving averages:

MA(7), MA(25) and MA(99) are above the current price, increasing the selling pressure.

MA(99) acts as a global resistance at ~0.3503.

Indicators:

SAR continues to signal a downward movement (dots above the price).

Ichimoku: The cloud remains red, the price is below the cloud, which confirms the dominance of the bears.

Bollinger bands are compressed - a sharp exit from the range is possible.

Support and resistance:

Nearest support zone: 0.3088 – 0.3036

Resistance level: 0.3281 – 0.3317

🚨 Conclusion:

WCT/USDT is still in a bearish corridor, but a potential upward exit from the wedge is forming.

To confirm the reversal, you need:

✅ channel breakout upwards

✅ consolidation above 0.3317 with volumes

💡 Monitoring is recommended, as the asset can prepare an impulse, especially if it breaks through resistance accompanied by volume.

📌 Under observation!