On a corrective move down, price did hit the 9700 satoshis, where it has rejected the 4/1 , went up and yet again broke above the 50 Moving Average. Currently the MA is acting as the support, as well as the channel breakout level at 10744 satoshis.
If this support holds, WTC should go higher, towards the 38.2% Fibonacci , that is 12440 satoshis. This could be the key resistance for WaltonChain that would help to determine the destiny of the coin in the medium term.
Daily break and close above that resistance shoudl result in a trend reversal, for the medium and potentially long term. Although if the resistance is rejected, a consolation or a correctional move down is very likely.
On a downside, if price will close below 10744 level, WTC could decline down, to hit the 4/1 . And, if it will be broken, the downtrend continuation could be the case.