WCTUSDT
Perp
0.05929
-0.78%
The currency $WCT is undergoing a correction phase after a strong upward wave that brought the price to $1.35. Currently, the price is trading near $0.57, reflecting a weakness in the upward momentum. Technically, the overall trend in the short term leans bearish, with trading below the key moving averages, especially the 50-day. The Relative Strength Index (RSI) is moving in a neutral area leaning downwards, indicating ongoing selling pressure. If the nearby support at $0.50 is broken, the price may head towards $0.40. On the other hand, breaking the resistance at $0.75 could restore confidence in the upward trend. The market is currently in a fluctuation zone and requires caution when entering.