$WCT — Controlled Consolidation Within Bull Flag Structure
Price: $0.3815
24h Volume: $51.67M
30D Return: +43.7%
Market Cap (Est.): $185M
Pattern Target: $1.15
Three Confirmations of Ongoing Consolidation (Not Breakdown):
Volume Contraction
Volume has decreased progressively over the last 6–9 sessions, consistent with classical bull flag behavior — decline on pullback, not exit liquidity.
Support Retention
Price holding above prior breakout zone ($0.35–0.37) with shallow pullbacks; no close below 21EMA on daily.
Low Volatility Compression
ATR and Bollinger Band width narrowing. Volatility squeeze indicates imminent expansion — directionally, likely up given prior impulse move.
Market Microstructure:
Order book depth above $0.40 remains thin — breakout could trigger sharp move with limited slippage.
Volume/MCap ratio >27% = active participation, not dormant capital.
Contextual Valuation:
WalletConnect supports over 300M secure sessions, used by 48M+ users.
Yet $WCT still trades sub-$200M — materially undervalued compared to other infra tokens with smaller reach but higher FDV.
The setup isn’t just technical — it’s structural. Everything points to controlled rotation, not distribution.
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