#WalletConnecct $WCT
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– Daily Chart (1D):
Price: $0.3516
Trend: After a large spike to ~$1.39, price sharply declined and consolidated.
Current Action: There's a slight upward breakout from a rounded bottom, suggesting a potential trend reversal or relief rally.
Volume: Increasing slightly — a bullish sign if sustained.
Support/Resistance:
Support: ~$0.20 (recent low)
Resistance: ~$0.3143 and then ~$0.60+
Observation: There is a pullback or consolidation forming after a rapid rise — could be a bull flag or local top depending on next move.
Overall Technical Takeaways:
Momentum: Building up in both timeframes.
Short-Term Bias: Bullish, but cautious near $0.37 resistance.
Medium-Term Bias: Neutral to cautiously bullish if price holds above $0.31 support and continues breaking above the MA on the daily chart.
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trade your own risk and low leverage
