🔄WCT/USDT Preparing to Break Through — But MA 99 Still Is the Decisive "Gateway" 🚫

WalletConnect is showing signs of short-term recovery after a prolonged adjustment phase. On the 1-hour chart, the price is narrowing its range, signaling a potential preparation for a breakout. However, there is still a key resistance level that the buyers need to overcome.
📈 Current Picture
Current price: $0.2996
MA 7: $0.2989 ( is acting as support )
MA 25: $0.2966 ( strong support )
MA 99: $0.3016 ( is still an important resistance )
Since the sharp drop on July 30, the MA 99 line has continuously acted as a "barrier" that has rejected every recovery attempt. Currently, the price is just below this area, while the MA 7 and MA 25 are both trending upwards, reinforcing the short-term bullish signal. However, the market still needs a clear confirmation before entering a real breakout phase.
🔍 Important Milestones to Monitor
Resistance 1: $0.3016 (MA 99) — the first gateway to confirm the breakout.
Breakout zone: $0.306–$0.31 — if this zone is surpassed, the likelihood of a strong increase will be higher.
Support near: $0.296
Strong support: $0.29 — if this level is breached, the risk of forming a lower high will increase.
⚙️ Momentum Outlook
Bullish scenario: If WCT breaks above MA 99 and holds above $0.305, it is likely to trigger a mini-squeeze towards the range of $0.315–$0.320.
Bearish scenario: If it fails in the range of $0.3016–$0.3060, the price is likely to reverse, creating another lower high and continuing the downward trend.
⏳ Conclusion: $WCT is at a technical "crossroad." Successfully breaking above MA 99 could pave the way for a rapid increase. Conversely, if it continues to be rejected, the market will reinforce the current downtrend. @WalletConnect #WalletConnect