Price at the time of publication: $0.5670
Daily change percentage: +13.9%
Highest price today: $0.6658
Lowest price today: $0.4945
Market Cap: $105.6 million
Trading volume in the last 24 hours: $392 million
Global Rank: #379
Number of tokens traded: 186.2 million WCT out of a maximum of 1 billion
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📢 The most important news:
WalletConnect Token (WCT) is experiencing a strong surge of over 13% today with a significant jump in trading volume, reflecting strong buying momentum that could push it higher.
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📊 Technical Analysis:
Current support: $0.4945
Next resistance: $0.6658
RSI (Relative Strength Index): 70 (relatively overbought)
MACD: Positive and confirms the upward trend
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✅ Positive factors and opportunities:
Price growth of over 40% in a week
Trading volume has doubled, indicating institutional or accumulation interest
Gradual rise breaking resistances without sharp corrections
Increasing community support and the use of WalletConnect in major projects
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⚠️ Risks:
Approaching a strong resistance that may lead to a short correction
Severe fluctuations due to high momentum
The project is still in its early stages of expansion
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📌 My Personal Opinion:
For short-term traders: Entry can be made after confirming the breakout of $0.6658, with a stop loss below $0.52 and a target at $0.75
For medium to long-term investors: The current price is considered suitable for gradual accumulation, provided capital management is in place, especially if it holds above $0.55 in the coming days
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