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#Crypto Security Insights#
WCTUSDT Chart
. The asset is in a descending triangle, indicating consolidation with a bearish bias. The price recently bounced off the lower support line of (~0.3250) and is testing resistance around 0.3322.
Technical indicators:
MA (7, 25, 99) show a mixed picture, with short-term MAs being higher than long-term ones, which could indicate short-term bullish momentum.
SAR (0.02, 0.2) is below the price (0.3149), which supports a bullish signal.
Ichimoku: the price is below the cloud (0.3321), which confirms the bearish trend, but the recent rebound could signal a reversal attempt.
Key levels:
Support: 0.3250 (нижняя line треугольника).
Resistance: 0.3322–0.3350 ( upper line of the triangle and the Ichimoku cloud zone ).
Forecast: If the price breaks 0.3322 and stays above, an increase to 0.3400 is possible. However, if the price cannot hold the support at 0.3250, further decline to 0.3083 is likely. The volume is low, indicating market indecision. Watch for the triangle breakout to confirm the direction.