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WCT/USDT Market Update & Future Outlook
The price of WCT is currently trading around 0.35360 USDT, reflecting a -2.46% drop in the last 24 hours. However, some interesting technical signals are emerging from the recent 1-hour chart that hint at a potential shift.
Current Analysis
Support found at 0.33570, creating a potential double-bottom zone.
Price has broken above EMA(5) and EMA(10), suggesting short-term bullish momentum.
MACD is still below the signal line, but the histogram shows waning bearish pressure.
RSI(6) is climbing towards overbought, now at 62.39, showing building buyer strength.
KDJ Indicator crossover forming – K > D, possible upward continuation.
Bollinger Bands are starting to squeeze, often a sign of an upcoming volatility spike.
Future Prediction
Short-term (next 6–12 hrs): If price holds above 0.348–0.350, a breakout towards 0.365–0.370 is possible.
Mid-term (1–2 days): If buying volume increases and we see MACD crossing up, targets could expand to 0.38–0.39.
Caution: If support at 0.335 breaks again, a dip toward 0.32 can’t be ruled out.
Refined Analysis from Multiple Timeframes
1H Chart: Signs of a short-term rebound. Early accumulation phase.
4H Chart (recommended to review): Still under key moving averages, needs confirmation breakout.
Daily: Still in a macro downtrend. Long-term investors should wait for stronger confirmation before entry.
Conclusion
WCT is showing signs of an early reversal. Watching how price behaves around 0.35 will be critical for the next move. As always, risk management is key in this volatile market. Share your thoughts or technical views — let’s build insights together!
#WCT#