👈✍️ Technical analysis of WCT/USDT on the "Hourly" (1h) timeframe on Binance:
📊 Technical Analysis - Timeframe 1 Hour (1h)
🔹 Current Price: 0.3214 USDT
🔻 Change Percentage over 24 Hours: -1.35%
🔍 Technical Indicators:
Moving Averages:
MA(7) = 0.3212: The price is very close to it, reflecting the current volatility.
MA(25) = 0.3202: A breakout above this level is a positive signal.
MA(99) = 0.3256: Forms a major resistance.
RSI(6) = 61.99: Moderate bullish momentum, away from the overbought zone.
Trading Volume: Average with a slight buying bias.
🧠 Technical Outlook:
The price is in a corrective upward phase after the previous drop from 0.3440.
If the price succeeds in breaking above the 99 moving average (0.3256) and maintains above it, this supports the continuation of the rise towards:
Upcoming Resistances: 0.3285 ➝ 0.3340 ➝ 0.3440
However, if the price fails to hold above 0.3210, we might revisit:
Nearest Supports: 0.3180 ➝ 0.3163 ➝ 0.3130
✅ Technical Recommendation (not investment advice):
Possible speculative buy if the price holds above 0.3210 with a stop loss below 0.3180.
Sell in the case of a clear break below the level of 0.3180 with a one-hour close, targeting near 0.3130.