$WMTX
WMTX/USDT has shifted into a clear bearish structure after failing to sustain the breakout above $0.0900$ and printing a lower high below the $0.1100$ peak. The rejection from the highs led to a steady breakdown, confirming distribution and loss of bullish momentum.
Price is now trading around $0.0690$, below all key moving averages, with the MA25 and MA99 acting as dynamic resistance above. The breakdown below $0.0750$ confirms continuation, and the market is now approaching a key liquidity zone near $0.0600$.
The current structure shows sustained selling pressure with no meaningful bounce, indicating that buyers are not stepping in. As long as price remains below $0.0750$, downside continuation remains the dominant scenario.
EP: $0.0690$–$0.0720$
TP1: $0.0650$
TP2: $0.0600$
TP3: $0.0550$
SL: $0.0765$
Trend is bearish with clear lower highs and breakdown from prior support levels.
Momentum is weak with consistent selling pressure and no bullish expansion.
Price is likely to continue lower as resistance holds and liquidity near $0.0600$ gets targeted.
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