WCT has broken the lower boundary of the descending channel, consolidating below the key demand zone — this is a signal of a possible continuation of bearish pressure.
📉 Support at the level of 0.2954 did not hold the price, and the next target down is the zone of 0.2356, which may indicate a decrease of about ~20%. 🧠 Thoughts: Indicators (MA, Ichimoku, BB) indicate a continuing downward trend. The Ichimoku cloud is above the price — confirming bearish control. 📈 Outlook: If the price returns to the channel and consolidates above 0.30, a recovery to 0.32–0.33 is possible. If it consolidates below 0.295, a move towards 0.235 is likely. ‼️ Caution is a priority. The price is at a critical zone — further movement will be determined by the nearest reaction.#Gate Square Creator Spark Program: Win Over $10,000 Posting Rewards #Weekend Market Predictions #Alpha Coin Picks
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WCT has broken the lower boundary of the descending channel, consolidating below the key demand zone — this is a signal of a possible continuation of bearish pressure.
📉 Support at the level of 0.2954 did not hold the price, and the next target down is the zone of 0.2356, which may indicate a decrease of about ~20%.
🧠 Thoughts:
Indicators (MA, Ichimoku, BB) indicate a continuing downward trend. The Ichimoku cloud is above the price — confirming bearish control.
📈 Outlook:
If the price returns to the channel and consolidates above 0.30, a recovery to 0.32–0.33 is possible.
If it consolidates below 0.295, a move towards 0.235 is likely.
‼️ Caution is a priority. The price is at a critical zone — further movement will be determined by the nearest reaction.#Gate Square Creator Spark Program: Win Over $10,000 Posting Rewards #Weekend Market Predictions #Alpha Coin Picks