**𝗪𝗖𝗧/𝗨𝗦𝗗𝗧 𝗣𝗿𝗶𝗰𝗲 𝗗𝗿𝗼𝗽 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀! 📉**
$WCT /USDT is trading at $0.6069 on Binance, marking a steep 52.18% decline today with a 24-hour range between $1.3736 and $0.5083! 📊 The 1-day chart reveals a recent 0.38% dip, following a dramatic fall from mid-May highs above $1.20. Despite the drop, trading volume remains high at 238.80M USDT and 325.81M WCT, with the Volume SMA at 55.292M, indicating sustained market activity amidst the selloff. 💸
**Technical Insights**
The candlestick pattern shows a sharp decline after a prolonged uptrend, with WCT peaking near $1.3736 before the crash. The price has now stabilized around $0.6064, testing a critical support zone near $0.60. 💪 Historical data indicates WCT hit an all-time high of $1.37 on May 31, 2025, and an all-time low of $0.2781 on April 15, 2025, meaning the current price is down 54.52% from its peak but still up 123.55% from its lowest point. A break below $0.5083 could push WCT toward $0.45, while a recovery might face resistance at $0.80, a previous consolidation level. 📈
**Market Sentiment**
The WalletConnect Token (WCT), integral to the WalletConnect Network for onchain UX, has seen significant volatility. Posts on X suggest mixed sentiment, with some traders viewing the drop as a buying opportunity due to oversold conditions, while others express concern over broader market dynamics impacting altcoins. 📡 The steep decline may be linked to profit-taking after a 232.57% yearly gain, coupled with a 34% decrease in 24-hour trading volume to $697M, signaling reduced market activity. Bitcoin’s consolidation at $104,683 and Ethereum at $2,531.76 might also be pressuring altcoins like WCT. ⚠️ On June 1, 2025, traders should watch for support near $0.50—if it holds, a bounce could target $0.80; if not, further downside risks emerge. 👀
#CEXvsDEX101 #FTXRefunds #MarketPullback #BinanceAlphaAlert #MarketPullback
