$WCT is currently trading at 0.0882 USDT and the 24h change –2.86% has clearly shifted the market mood into a weak bearish zone. The price is hovering around the 24h low of 0.0875, indicating that the market is trying to recover from oversold pressure. The weight of buyers in the order book reaching 71% signals silent accumulation, making the short-term sentiment bearish yet hopeful.
MA(7) and MA(25) are both creating pressure above the price, while MA(99) is quite far away, so the trend is still dominated by downward movement. If the price manages to defend the support at 0.0875 again, the probability of a bounce can significantly improve. The strongest support below is 0.0875 — if this is lost, the next slide could open up. The first resistance as we go up is at 0.0888–0.0890, while the major barrier is a tough wall at MA(99) at 0.0905.
If the buyers maintain the momentum at 71% and a clean bounce occurs, the short-term target of a recovery move towards 0.0892 → 0.0900 becomes quite strong.
