Cryptoscope75

$WCT is currently trading around $0.0848, down roughly -5.8% on the day, after rejecting from a local high near $0.1128. This move follows a sharp multi-day rally, which pushed price aggressively higher before momentum began to fade.
On the 1H timeframe, price has now broken back below the rising trendline and is trading under the Supertrend resistance area (~0.099). This shift often signals a transition from expansion to correction, where buyers lose control and sellers begin to dominate short-term structure.
The recent candles show lower highs and strong bearish bodies, indicating distribution near the top and increasing sell pressure. Volume expansion during the rise followed by weakness on the pullback supports the idea that the market may be entering a cooling or corrective phase.
🔍 Key technical observations:
Strong rejection from $0.1128 resistance
Trendline breakdown on the lower timeframe
Price holding below Supertrend resistance
Momentum shifting from bullish continuation to bearish retracement
📌 Conclusion
While the broader move remains elevated compared to earlier levels, current structure favors short-term downside or consolidation until a clear base is rebuilt. As long as price remains below the broken trendline and recent highs, risk is skewed toward further pullback rather than immediate continuation.