🚨 WCT (WalletConnect Token) – Bearish Outlook Ahead? 🚨
WalletConnect Token (WCT) has been on a sharp decline, dropping nearly 78% from its all-time high of $1.39 to under $1.00. 📉
🔻 Current Red Flags:
• 📉 RSI near 44 – bearish momentum building
• 💀 Lost key support levels; no strong bounce in sight
• 📊 Bearish crossover on moving averages
• 😨 Market sentiment in “Fear” zone
Short-term price action suggests WCT could continue sliding unless strong fundamentals or bullish catalysts appear. With recent rumors of pump-and-dump activity and a lack of development news, caution is advised. ⚠️
⛔️ Not financial advice – just my take. Always DYOR before making moves.
