📊 Market information
• Current price: 0.7176 USDT
• 24h Volatility: +7.09%
• 24h High: 0.7195 USDT
• 24h Low: 0.6402 USDT
• 24h Trading volume: ~$124 million
• Market capitalization: ~$133 million
• Circulating supply: 186.2 million WCT
• Maximum supply: 1 billion WCT
• All-time high (ATH): 0.747 USDT (May 20, 2025)
• Current price compared to ATH: -4%    
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🧠 Project overview
WalletConnect Token (WCT) is the native token of the WalletConnect Network ecosystem – a UX on-chain platform that helps connect wallets and dApps across multiple blockchains such as Ethereum, Solana, Cosmos… WCT plays a role in the reward mechanism, governance, and operation of service nodes within the network. The project is designed to support cross-chain interoperability and security through end-to-end encryption. 
⚠️ Market warning
• Impact from BTC: The altcoin market, including WCT, is heavily influenced by BTC fluctuations. When BTC is volatile, technical analysis may lose its effectiveness. Investors should be cautious and consider carefully before making trading decisions.
• Token unlock event: An estimated 2.5 million WCT (~0.25% of total supply) will be unlocked on June 26, 2025. Investors need to closely monitor to assess the impact on price.
📈 Technical analysis
• 1H & 4H frame: WCT is fluctuating in the range of 0.640–0.719 USDT. No clear trend signal yet.
• 1D frame: MACD and RSI indicate a slight upward signal, but have not confirmed a strong upward trend.
• 1W frame: Price is still within a long-term rising channel, needs to break above 0.75 USDT to confirm continued upward trend.
🎯 Trading strategy
Long Order:
• Entry: 0.717 USDT
• TP: 0.747 USDT
• SL: 0.680 USDT
• Success probability: ~65%
Short Order:
• Entry: 0.747 USDT
• TP: 0.700 USDT
• SL: 0.765 USDT
• Success probability: ~55%
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