WCT Observers… a critical battleground is being defined. 👀
After a severe decline from its $0.4140 peak, the price has established a tentative floor at $0.2817. It is not collapsing further; it is now engaged in a volatile struggle for direction.
📊 The RSI is hovering near 54, a signal that bearish momentum has been neutralized, but a decisive bullish takeover has not yet occurred. The MACD lines are tightly coiled just beneath the zero-line, indicating a state of equilibrium where the next significant move is brewing.
This isn’t a clear reversal — it’s a period of intense negotiation between buyers and sellers.
And when an asset, down over 45% in the last 90 days, finally halts its descent and begins to build a sideways structure… the most discerning traders watch for the first sign of a true directional break, not just noise.
⚠️ This zone? It is neither a confirmed bottom nor a safe haven. It is, however, the proving ground where the asset's next major trend will likely be forged.
Because while many are still fixated on the past decline, those who understand market cycles are looking for the resolution of this consolidation.
Do not be deceived by the volatility. Do not mistake sideways chop for stability. But do not ignore this cessation of the downtrend.
WCT is in a state of contention — the question is who will win the war for the next trend.