@WalletConnect technical analysis shows that $WCT is currently in a strong downtrend in the short term. Although the current price is above MA(99) which could act as support, the selling pressure from the MACD indicator and the price position below MA(25) is very dominant.
Support Level: The nearest level that could hold the decline is MA(99) at $0.3159 and the historical support level around $0.3124. If the price breaks through these levels, further declines may occur.
Resistance Level: The nearest resistance level that needs to be tested is MA(25) at $0.3353. If the price can break through and stay above this level, a trend reversal signal may appear.
Motivation Today:
Every market movement, whether up or down, always creates opportunities. Victory does not belong to the bravest, but to those who are most disciplined and able to see opportunities amid challenges.
"Be a smart navigator, not a resigned passenger." #WaletConnect #BinanceSquare
Spirit and $WCT will be the best ALT!!!