#WriteToEarnWCT WalletConnect Token (WCT) is currently exhibiting bearish signals, with recent price movements and technical indicators suggesting potential further declines in the near term.

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📉 Current Market Overview

• Price Decline: WCT has experienced a significant drop from its all-time high of $4.46 on March 7, 2025, to approximately $0.98 as of May 30, 2025, marking a decrease of about 78%. 

• Market Sentiment: The Fear & Greed Index for WCT stands at 32, indicating a state of ‘Fear’ among investors. 

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🔍 Technical Analysis Indicators

• Relative Strength Index (RSI): The RSI for WCT is currently at 44.16, suggesting that the token is neither overbought nor oversold, but leaning towards bearish momentum. 

• Moving Averages: Short-term moving averages are trending below long-term averages, reinforcing the bearish outlook.