#wct #walletconnect @WalletConnect

📈 Price Action

• The current price is 0.3250 USDT, with a +2.82% daily increase.

• Previously, there was a pump up to 1.3928, but the price sharply dropped afterward and couldn’t hold that level.

• After the drop, the price entered a horizontal consolidation phase.

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📊 EMA (Exponential Moving Averages)

• EMA(14): 0.3398 (blue)

• EMA(35): 0.4075 (red)

• EMA(50): 0.4150 (yellow)

👉 EMA(14) is still below EMA(35) and EMA(50), indicating that the short-term trend is still bearish. However, the price is very close to EMA(14) and trying to break above it, which could be an early signal of a potential trend reversal.

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💹 RSI (Relative Strength Index)

• RSI(6): 46.75

• RSI(12): 39.58

• RSI(24): 43.82

👉 All RSI values are still below 50, showing weak momentum overall. However, RSI(6) is climbing, which suggests a possible short-term recovery.

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📉 Williams %R (Wm %R)

• Wm %R(14): -68.52

👉 This indicator is no longer below -80, meaning it has exited the oversold zone. This may indicate a potential bottom reversal, but the signal is still weak.

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🔍 General Interpretation:

• Trend: Overall, the trend is still bearish, but there are early signs of a potential reversal from oversold conditions.

• Potential: If the price breaks above EMA(14), a move toward EMA(35) at 0.4075 could be possible.

• Risk: EMAs are still aligned in a bearish order, and volume appears low, so caution is advised.

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🧭 Strategy Suggestion (Not Financial Advice):

• For short-term positions: Wait for a confirmed breakout above EMA(14).

• For long entries: Watch if RSI(6) crosses above 50 and price holds above EMA(14).

• For short entries: If EMA(14) acts as resistance and price fails to break above, it may present an opportunity.