$WCT ๐จ WCT/USDT โ Is WalletConnect Token Set for a Reversal or Continued Dip? Letโs Break It Down! ๐ฅ
๐ WCT Price Action โ April 30, 2025
Current Price: $0.3979
๐บ Intraday High: $0.4151 | ๐ป Intraday Low: $0.3857
๐ Change: -3.98%
Trend: Short-term bearish, but long-term potential remains
๐ก WCT Token โ Key Developments ๐ฅ
Upbit Listing: WCT saw a significant price rally after its listing on Upbit and inclusion in Binance Launchpool.
Current Correction: After strong price action, WCT is now in a correction phase, reflecting typical market pullbacks.
OKX Bonus & KYC Airdrop: A 10 WCT token airdrop for new users completing KYC has spurred interest in WCT, but this doesnโt guarantee sustained growth without further adoption.
Ecosystem: Long-term potential is tied to the WalletConnect ecosystem and its use in decentralized finance applications.
๐ฐ Spot Strategy โ Caution in the Short-Term ๐
Buy Zone: $0.385 โ $0.390 (if support holds)
Breakout Buy: Wait for price confirmation above $0.420 with volume pickup
Set SL: $0.375 (tight risk management)
Target: $0.420 โ $0.440 (retest previous highs)
โ๏ธ Futures Strategy โ Manage Risk Carefully โ ๏ธ
๐ด Short Setup (Bearish Phase Continuation)
Entry: $0.410 โ $0.415 (resistance level)
Stop-Loss: $0.425
Target: $0.395 | $0.380
Leverage: 3x max โ keep risk tight!
๐ข Long Setup (Only on Reversal Confirmation)
Entry: $0.390 โ $0.395 (strong support zone)
Stop-Loss: $0.375
Target: $0.420 | $0.440
Leverage: 3x โ use a cautious entry with confirmed reversal signals
โ Final Verdict โ Bearish in the Short-Term, Bullish Long-Term Potential ๐ฎ
WCT is in a correction phase after strong price movement due to exchange listings and KYC promotions.
The tokenโs long-term potential depends on the success and adoption of the WalletConnect ecosystem in decentralized applications.
Short-term price action is volatile, so trade with caution. Set tight stop-loss levels and avoid chasing the market.