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🟠 #WCT/USDT ANALYSIS
The WCT asset broke through the upper boundary of the descending wedge, which is a bullish signal. However, after exiting the formation, the price rolled back and is again testing the support level near $0.30, coinciding with the lower boundary of Bollinger and the support line.
📉 Indicators:
The price is below the Ichimoku cloud, which indicates a bearish trend in the higher timeframe.
MA7 and MA25 are pressing from above, forming resistance.
Parabolic SAR signals continued downward pressure.
🔍 It is important to watch the price reaction at the $0.2865 level - its downward breakout will increase the pressure and open the way to a deeper decline.
In case of a rebound, the goal is to return to the $0.32–0.34 zone, where the resistance cloud passes.
📊 Bottom line: WCT at key support zone after breakout from wedge. Retest could provide entry point, but trend is still under pressure.
#WCT # CryptoAnalysis #Altcoins # PriceAction