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Muhammad Nauman Bukhari
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#WalletConnect
The **WalletConnect Token (WCT)** is flashing mixed signals: **short-term bearish, long-term bullish**. Here’s what the data says—and whether you should **buy, hold, or short** WCT
WalletConnect Token
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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WCT
0.3143
-6.57%
58
0
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$ETH Perfect 👌 let’s analyze this ETH/USDT (1D chart) --- 📊 Chart Analysis: 1. Current Price: 4,546.45 USDT 24h High: 4,576 24h Low: 4,387 2. Moving Averages (EMA): EMA(7): 4,437 → Price is above short-term EMA, bullish momentum. EMA(25): 4,025 → Strong medium-term support. EMA(99): 3,193 → Very strong long-term support (trend still bullish). 👉 ETH is holding above all EMAs, showing trend strength. 3. MACD Indicator: DIF: 303.9 DEA: 277.9 MACD: +25.9 (positive & rising) 👉 Strong bullish signal, upward momentum is building again. 4. Volume: Volume is still healthy, though slightly lower than the recent peak → suggests buyers are active but cautious near resistance. 5. Support & Resistance Levels: Key support: 4,437 (EMA7) → just tested and bounced. Strong support: 4,025 (EMA25). Resistance: 4,576 (24h high) and major at 4,788 (previous top). If breakout occurs, next psychological level: 5,000. --- 📈 Conclusion: Trend: ETH is in a clear uptrend, recently had a pullback from 4,788 and is now bouncing. Bullish scenario: If ETH breaks 4,576, it could retest 4,788 and possibly aim for 5,000+. Bearish scenario: If it fails to hold above 4,437, price may retest 4,025 zone before another bounce. --- ✅ Trading View (short-term): If holding: Trend is bullish, you can continue holding with stop-loss below 4,400. If entering: A safe entry is above 4,576 breakout (target 4,780–5,000). Or accumulate near 4,400 support with stop-loss under 4,300. ---
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$SOL Great — let’s analyze this SOL/USDT (1D chart) --- 📊 Chart Analysis: 1. Current Price: 193.88 USDT 24h High: 194.44 24h Low: 187.08 2. Moving Averages (EMA): EMA(7): 189.01 → Price is above short-term EMA → bullish momentum. EMA(25): 180.60 → Solid support zone. EMA(99): 167.44 → Strong long-term support, showing SOL is still in an uptrend. 👉 Price is trading well above all major EMAs, showing strength. 3. MACD Indicator: DIF: 5.47 DEA: 4.03 MACD: 1.44 (positive) 👉 Bullish crossover has formed recently, momentum is picking up. 4. Volume: Increasing volume in recent green candles shows buying interest. Slightly declining in last candle, which means buyers are cautious near resistance. 5. Support & Resistance Levels: Support levels: 188 – 189 (EMA7), stronger support at 181 (EMA25). Resistance levels: 200 – 210 zone (previous rejection at 209.86). --- 📈 Conclusion: Trend: Bullish in short and mid-term. SOL has rebounded strongly from 155.8 low and continues higher. Bullish scenario: If it breaks 194–195 zone with good volume, next target is 200–210. Bearish scenario: If it fails to hold above 189, it may retest 181–182 zone before another bounce. --- ✅ Trading Strategy (short-term): If holding, trend is still bullish — watch for breakout above 195 to ride towards 200–210. If entering fresh, best entry is near 189–181 support zone with stop-loss below 176. ---
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$XRP Got it 👍 Let’s break down the XRP/USDT (1D chart) you shared: 📊 Chart Observations: 1. Current Price: 3.1167 24h High: 3.1410 24h Low: 3.0829 2. Moving Averages (EMA): EMA(7): 3.1333 → slightly above current price (acting as resistance). EMA(25): 3.0950 → just below current price (acting as support). EMA(99): 2.7201 → much lower, showing long-term uptrend still intact. 👉 Price is currently consolidating between EMA(7) resistance and EMA(25) support. 3. MACD: DIF: 0.0460 DEA: 0.0671 MACD: –0.0210 (negative, but close to crossover) 👉 Weak bearish momentum but flattening, suggesting possible upcoming reversal. 4. Volume: Recent candles show declining volume, meaning neither buyers nor sellers are dominating strongly. This is typical of a consolidation phase before a breakout. 5. Support & Resistance: Strong support: 2.84 – 2.90 Next major resistance: 3.42 Local resistance: 3.13 – 3.14 (where price is struggling now) --- 📈 Conclusion: Short-term: Market is in sideways consolidation between 3.09 (support) and 3.13 (resistance). Bullish scenario: If XRP breaks above 3.14 with volume, next target could be around 3.42. Bearish scenario: If it loses 3.09 support, price may retest 2.84 zone. Neutral: Best to wait for a clear breakout direction before entering a trade. ⚠️ Recommendation: If you are trading, keep a stop-loss just below 3.08 if going long, or above 3.14 if shorting. ---
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