⚠️ $WCT : deep oversold condition, but the trend is not yet broken
WCT is trading around $0.0699 after a prolonged downward movement from a high of $0.177. The price is holding above the local minimum of $0.0656, forming the first attempt at stabilization.
📉 Technical picture:
• Price near the lower Bollinger line → strong oversold condition
• RSI (6/12/24): 25–33 — classic oversold zone
• MACD deeply negative, but the histogram is almost zero → downward momentum is fading
• Volumes have decreased → sellers are losing aggression
🧱 Key levels:
• Support: $0.065–0.066 (critical zone)
• Resistance 1: $0.085 (MB Bollinger)
• Resistance 2: $0.10–0.104 (upper BB + structure)
🎯 Scenarios:
• Holding at $0.065 → technical bounce to the $0.085–0.10 zone
• Break below $0.065 → continuation of the downtrend into unknown liquidity zones
💡 Conclusion:
WCT looks oversold, but this is not yet a reversal, just a potential reaction zone.
Buyers need to prove strength — without confirmation, the trend remains bearish.
It's not emotions here, but timing and risk management 📊🔥
#wct #altcoins #CryptoAnalysis #TradingSignals
