📉 WCT: Healthy Technical Correction Before The Next Move 🚀
After an impressive run that saw WCT break above $1 and hit a new ATH, the token is now going through a much-needed technical correction — and that’s completely normal (and even healthy) for the chart.
Here’s what’s happening:
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🔍 Why this pullback is normal
✅ RSI was overheated → correction brings momentum back to healthy levels
✅ Early profit-taking after $1 psychological breakout
✅ No negative news — fundamentals remain strong
✅ Volume stabilizing → potential for new accumulation phase
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📊 Technical view
• Support zone: $0.90–$1.00
• Resistance: $1.23 (previous ATH)
• EMA50 still trending upwards → long-term uptrend intact
• ADX remains strong → trend is still valid
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🧠 Why WCT is likely to recover
• Fundamentals unchanged: WalletConnect adoption continues to grow → more real demand for WCT utility
• Ongoing Solana airdrop hype → fresh liquidity + user attention
• New partnerships & integrations incoming → stronger token use case
• Market rotation: money from short-term traders → into stronger hands (smart money accumulation)
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🔮 What’s next?
👉 A period of consolidation around $0.95–$1.05 is likely → setting up for the next leg higher.
👉 If volume returns & breaks $1.23 → next targets $1.30, $1.50 possible.
👉 Long-term holders should view this correction as a healthy reset — not a sign of weakness.
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💬 Final thought
“Strong trends need to breathe.”
WCT is simply catching its breath — the game is far from over.
Patience pays.
