📈 Analysis and forecast for $WCT : is it time to enter? 📉
As of May 22, 2025, 13:36 EEST, the price of $WCT on Binance is $0.6089, with a 5.5% drop over the last 24 hours. The trading volume for the day is around $270M, and the market capitalization is $113M (with a circulating supply of 186.2M WCT). Sentiment on X is mixed: users note the correction but see potential for a rebound.
Technically, $WCT in the correction phase. On the 4-hour chart, the price has fallen below the 50-day moving average ($0.645), and the RSI (14) at 42 indicates a neutral zone with potential reversal. Key levels: support — $0.58, resistance — $0.62. A breakout above $0.62 could push the price to $0.65, while a drop below $0.58 would increase pressure towards $0.55.
Forecast: in the short term (until the end of May) WCT could reach $0.55 if selling continues. By July 2025, a rebound to $0.65 is possible with an increase in volume. The long-term target for 2026 is $1.20+, provided the WalletConnect ecosystem grows and Web3 adoption increases.
Is it time to enter? After a 5.5% drop and the current price of $0.6089, the entry looks attractive, especially if the price reaches support at $0.58. Set a stop-loss at $0.55 to minimize risks. For long-term investors, the current levels are suitable for accumulation with a target of $0.65, but watch out for volumes and RSI. WalletConnect is promising due to integrations, but the market is volatile — act with caution! #wct #Binance #CryptoAnalysis
