Here is the daily report for WalletConnect Token (WCT) on Binance for Wednesday, May 28, 2025, with updated technical analysis and trading recommendations:
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📊 Overview of WCT Performance
• Current Price: 0.9328 USD
• Change in 24 Hours: +7.92%
• Highest Price in 24 Hours: 0.9615 USD
• Lowest Price in 24 Hours: 0.8833 USD
• Trading Volume (24 Hours): Approximately 447 Million USD
• Market Capitalization: 173.7 Million USD
• Global Ranking: #263   
The currency has risen by 49.63% in the past week, indicating strong bullish momentum.
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📈 Technical Analysis
• Overall Trend: Strongly Bullish with Increasing Momentum.
• Support Levels:
• 0.883 USD (Immediate Support)
• 0.5658 USD (Major Support)
• Resistance Levels:
• 0.9615 USD (Highest Price in 24 Hours)
• 1.00 USD (Important Psychological Level)   
According to TradingView analysis, WCT/USDT shows strong bullish momentum, with technical indicators suggesting a potential breakout. Traders should closely monitor the resistance level at 0.5000 USD; a successful breakout above this level could indicate further gains. 
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💡 Trading Recommendations
• Entry:
• Confirmed Entry: After a clear breakout above 0.9615 USD with strong trading volume.
• Aggressive Entry: Near 0.90 USD with a close stop loss.
• Stop Loss: 0.883 USD (Lowest Price in 24 Hours).
• Targets:
• Target 1: 1.00 USD
• Target 2: 1.10 USD
• Risk Management: Do not exceed 2% risk of capital in a single trade. 
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📰 Latest News and Developments
• WCT Listing on Binance: WCT has been officially listed on the Binance platform, enhancing its liquidity and appeal to investors.
• Potential Institutional Activity: 2.5 million WCT tokens have been transferred to Binance, raising questions about potential institutional selling pressure.
• Binance Square Rewards: Creators can earn commissions up to 100% in the form of WCT token vouchers through the 'Write to Earn' campaign on Binance Square.   
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🔮 Future Predictions
Forecasts indicate that the price of WCT may reach 0.9305 USD in the next thirty days, with the potential to achieve 1.18 USD by 2030. 
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Note: This analysis is for informational purposes only and should not be considered financial advice. It is always recommended to conduct independent research before making investment decisions.
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