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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.