$WCT Fury Surge! The Solana ecosystem ignites the Web3 wallet race, but beware of overbought pullback risks
WCT has recently experienced a rocket-like surge, violently breaking through $1.29 with seven consecutive daily gains, soaring 40% from the bottom of $0.92! After reaching a high of $1.39 on the 4-hour chart, it now shows a long upper shadow, exposing selling pressure at high levels. Although the MACD bullish momentum is strong, the 4-hour RSI is at a staggering 84.7, sounding alarm bells for overbought conditions—short-term pullback is imminent!
Key Support/Resistance Levels
Buying Opportunity: $1.14 (EMA7 lifeline) and $1.10 (previous strong support + EMA30) are excellent entry points
Take Profit Nodes: $1.35 (psychological pressure point below the previous high) and $1.40 (after the breakout, may trigger FOMO chasing)
Risk Control Red Line: A decisive stop-loss is necessary if it falls below $1.08, to guard against deep pullbacks
Solid Fundamentals Backing
WalletConnect, as the leader in Web3 wallet infrastructure, has been very active recently:
✅ Solana ecosystem integration ignites multi-chain narrative, with a comprehensive upgrade in user experience
✅ Major exchanges like Binance listing + Launchpool activities, resulting in a surge in liquidity
✅ Airdrop plans continue to stimulate market enthusiasm, with a solid real user base
Trading Advice
"After a surge, there must be volatility"; currently, do not chase high prices! Patiently wait for stabilization signals in the $1.10-$1.14 range, and build positions in batches. If it breaks through $1.40 with volume, the trend continues; conversely, consider taking partial profits near $1.35. The Web3 infrastructure track has a long way to go, but short-term fluctuations are severe, so be sure to set stop-losses!
The market is never short of opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more! The team still has positions available, so hurry up
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