$WCT ๐ $WCT/USDT 1-Day Chart Analysis โ Major Drop After Pump! โ ๏ธ
$WCT has dropped significantly from its peak at $1.3941, now hovering near $0.3432 โ a massive retracement of over 75%. This steep correction indicates that the bullish momentum has fully reversed, and the asset is now in a downtrend phase.
Key Technical Insights:
๐ป MA Crossover Bearish
The 7-day MA is below the 25-day MA
Momentum is weak, confirming a continued bearish trend
๐ Volume Shrinking
A sharp volume spike occurred near the top, likely signaling distribution
Current volume is low = lack of buying interest
๐ MACD Still Negative
MACD is in deep red territory
No bullish crossover yet = trend is not reversing
๐งฏ Support Zones
Immediate support at $0.3350
If broken, next support may lie near $0.28โ$0.30
Conclusion:
The chart suggests further downside risk unless strong buying returns. Caution is advised โ wait for a reversal signal before considering re-entry.
