๐ $WET /USDT Analysis: Is the Rebound Starting? ๐
The Current Vibe: We are seeing some green on the screen! $WET is currently trading at $0.12064, marking a solid +7.04% gain in the last 24 hours. After a rough month (down -47% in 30 days), the bulls are finally trying to claw back some territory. ๐๐ช
๐ Key Data Points from the Chart:
Price Action: Weโve bounced off the local low of $0.11049 and are currently testing the waters above the MA(7) and MA(25) on the 4-hour timeframe. ๐งโโ๏ธ
Moving Averages: * MA(7) [Yellow]: $0.11135
MA(25) [Pink]: $0.11119
The price is currently sitting above both, which is a great sign for a short-term trend reversal! ๐ข
The Resistance: The MA(99) [Purple] way up at $0.13550 is the big boss we need to beat next. ๐ก๏ธ
Volume: Weโre seeing a decent uptick in buying volume (green bars), suggesting that the $0.104 range acted as a strong support zone. ๐๏ธ
๐ก Whatโs the Play?
We are looking for a sustained hold above $0.12. If we can flip this level into support, the path toward $0.13 looks wide open. However, stay sharpโthe long-term trend is still recovering from that 30-day dip. ๐โก๏ธ๐
Status: Watching closely... ๐๐
