đ» WCT/USDT â Cooling Off After the Spike
WCT is trading at $0.3842 (-4.29%), well below the recent wick high of $1.3941. After that explosive move, the price has cooled off and is now struggling below the EMA 7 (0.4600) â suggesting short-term bearish pressure.
đ Current Outlook:
This looks like a classic post-pump retracement. The market is digesting profits, and the trend has shifted to a consolidation-to-down phase.
đ What to Watch:
A bounce above $0.46 (EMA reclaim) = early reversal signal
Holding $0.3755â$0.34 zone = possible base forming
Lose that support = possible slide toward $0.30 or lower
đ§ Suggestion:
No rush here. Let it find its footing. If bulls step in and reclaim the EMA 7 with volume, it could set up for another leg up. Until then, itâs in cooldown mode â better to wait than to guess.