$WCT

1. Price & Trend:

After a sharp move from 0.3703 to 0.4085, price pulled back to 0.3997, staying above both the Middle Bollinger Band (0.3858) and the EMA (≈ 0.383). This indicates bullish short-term momentum, as the price is holding above key support levels.

Trend Confirmation: As long as the price stays above these levels, the short-term bullish trend is likely to remain intact. A break below would suggest a potential trend shift or deeper consolidation.

2. Bollinger Bands (20,2):

Upper Band (0.4054): This remains the immediate resistance zone, and the price testing it earlier aligns with your analysis of potential rejection or breakout.

Middle Band (0.3858): The middle BB now serves as dynamic support, so any pullback toward this level would be a bullish signal if the price holds above it.

Lower Band (0.3661): If the price fails to hold the middle BB, a deeper move toward the lower band could occur, testing support around 0.3661.

Widening Bands: This suggests increased volatility, and could lead to sharper price moves in either direction, reinforcing the idea of a continuation or a strong pullback.

3. Momentum (RSI & MACD):

RSI (≈ 69.98): As you mentioned, RSI is approaching overbought conditions. While it’s not yet in the overbought zone, any further upward movement may face resistance from a cooling momentum.

MACD: A positive histogram signals ongoing bullish momentum, but the flattening of the histogram bars may point to a slowdown or potential consolidation. A reversal or pullback could coincide with a weakening in the MACD's positive momentum.

4. Volume:

Big Green Spikes: The volume on the move from 0.37 to 0.40 was strong, which typically indicates that the price action is supported by solid buying interest.

Light Volume on Pullback: If a pullback occurs with lighter volume, it would suggest that the selling is not aggressive, supporting the idea of a consolidation phase before another push higher.