WCT/USDT asset analysis on the daily timeframe:



📊 General chart overview:

Current price: $0.3745

The asset is trading inside the ascending channel, which indicates a short-term bullish trend.

The price has consolidated above the moving averages MA(7) and MA(25), which confirms the growing interest.

📌 Key levels:

Resistance: $0.3911 — the upper border of the Ichimoku Cloud + the top of the channel.

Support:

Local: $0.3609 (MA 25 and the lower border of the cloud).

Main: $0.3531 and $0.3233 — the ascending trend line.

🔍 Indicators:

Ichimoku Cloud:

The price is now inside the cloud, which indicates a phase of uncertainty.

An upward breakout will confirm a change in trend to a steadily bullish one.

Parabolic SAR: Below the price ($0.3233) — a signal for continued growth.

MA(7), MA(25), MA(99): The price is above all three averages — a technically strong position of buyers.

BB (Bollinger Bands): Expanding, indicating possible volatility.

🧭 Scenarios:

Bullish:

— Consolidation above $0.39 with volume may lead to growth to $0.44–$0.50.

Bearish:

— A breakout of the lower channel border ($0.353–$0.323) may initiate a return to $0.30 and below.

✅ Conclusion:

WCT/USDT demonstrates local strength, but is in the uncertainty zone (Ichimoku cloud). The key level is a breakout of $0.39. As long as the price stays in the channel, the bullish priority remains.
WCT2.15%
MA5.99%
CLOUD5.67%
BB3.8%
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GateUser-76f60b7fvip
· 07-27 16:20
Just go for it💪
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GateUser-e2565897vip
· 07-27 13:26
Just go for it💪
View OriginalReply0
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