📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
📉 WCTUSDT — consolidation in a descending wedge 🔍
On the 3D chart, the price of WCTUSDT remains within a descending wedge 🔻, formed after a sharp impulse and collapse in June.
Current price: $0.3295
Technical picture:
Ichimoku ☁️: the price is below the cloud, the trend is bearish.
MA 7 / 25 / 99 📊: the quotes are between MA7 (0.3259) and MA25 (0.3507), which signals a phase of uncertainty.
Parabolic SAR 📍: points below the price indicating an attempt at a local reversal.
Figure 📐: descending wedge — often a bullish pattern upon breakout upwards.
Key levels:
Support 🛡: $0.31 — the lower boundary of the wedge.
Resistance 🚧: $0.35 and then $0.3964 (SAR), $0.5929 (above the Ichimoku cloud).
Scenarios:
🟢 Bullish: breakout at $0.35 with consolidation → test $0.40 and above to $0.59.
🔴 Bearish: break below $0.31 → drop to $0.25 and $0.20.
💡 The asset is currently in a compression zone, and the nearest exit from the wedge will determine the medium-term direction of movement.