🔍 WCT/USDT 3D Analysis — Reversal Incoming or Just a Pause?

Current Price: $0.2973

The WCT/USDT pair is currently in a consolidation phase, following a sharp downward impulse. Technical indicators suggest a potential bottoming out, but a true reversal remains unconfirmed.

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🧠 Technical Breakdown

Support & Structure
• 📍 Price is holding horizontal support near $0.29
• Formation of a potential double bottom zone — often a precursor to reversal
• Still below the descending resistance line (marked in blue), confirming the prevailing downtrend

Moving Averages
• MA7: $0.3351
• MA25: $0.4165
• MA99: Still above price
🔻 All MAs are above current price = Bearish momentum persists

Parabolic SAR
• SAR level: $0.4114 — still positioned above the price
⚠️ Indicates ongoing selling pressure

Ichimoku Cloud
• Price remains below the cloud
• Wide gap between Tenkan and Kijun lines
📉 Suggests weak bullish structure and lack of recovery momentum

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🔄 What to Watch Next

✅ Bullish trigger:
Breakout from the trendline and consolidation above $0.34
→ Could signal fresh upside potential

❌ Bearish scenario:
Failure to hold the $0.29 support
→ May revisit prior lows and resume downtrend

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📊 Summary

WCT is at a key inflection point. A reversal structure may be forming, but confirmation is still pending. Traders should watch closely:
• Support: $0.29
• Resistance zones: $0.34–$0.41

📈 Until a breakout confirms direction, the asset remains in an accumulation zone. Caution is advised within the current range.

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Let the chart lead, not emotions. Stay alert for breakout or breakdown signs in the coming days. #Gate ETH 10th Anniversary Investment Zone# #White House Crypto Report# #July Spark Program TOP 10 Creators Announced#