Healthy Pullback After Strong Rally Testing Key Support

$WLFI , $KITE , $ALLO , and $JTO moved up more than 10–15% and are now in a normal correction where price is coming back toward the 50%–61.8% retracement area of the last move. The formation of lower highs on small timeframes shows short-term weakness and profit-taking, but this is still a cooling phase unless the price drops below the starting point of the breakout.

If the coins hold their support and build a higher low, the trend can continue and another upward leg is possible. If the base of the impulse move breaks, the structure turns bearish and the correction can extend into a full move back toward the average price of the rally.