$WCT /USDT brief analysis:
Price and Trend: The current price is 0.3596 USDT, reflecting a 3.75% decrease over the last 4 hours. The chart shows a recent sharp decline, with a significant red candle indicating selling pressure, followed by a slight recovery attempt.
Volume: Trading volume has spiked recently, with 10.47M USDT in the last 4 hours, suggesting increased market activity or a reaction to the price drop.
Support and Resistance: The price appears to be testing a support level around 0.3466 (24h low). Resistance is likely near the recent high of 0.4140.
Moving Averages: The Volume SMA indicates sustained interest, but the price trend suggests bearish momentum in the short term.
Timeframe Performance: Over 7 days, the price is up 8.51%, and over 30 days, it’s up 13.51%, indicating a longer-term bullish trend despite the current dip.
