$WCT / USDT Chart 📊📉
*Based on the provided chart for WCT/USDT, the price has recently experienced a significant downtrend after a sharp peak around May 2nd. It's currently trading at 0.3165, down 5.83% today.
*The Moving Averages (MA) indicate bearish sentiment, with MA(7) above the current price. The volume has also decreased recently compared to the earlier surge.
*For the next movement, without additional fundamental analysis or further technical indicators beyond what's visible, it appears WCT might continue to consolidate or experience further downward pressure in the short term, given the recent price action and current MA positions.
*Reversal would require a strong bullish catalyst and increased buying volume.