When will we see $WCT at $1 levels again? 🤔
Below is an analysis and forecast for the currency in the medium term.
But let's first get to know $WCT 👇🏻
WCT @WalletConnect Token
is the main currency of the famous protocol #WalletConnect .
It is an open-source protocol developed since 2018, used to link decentralized wallets (like MetaMask, Trust Wallet, and others) to decentralized applications (DApps) in a secure and seamless manner.
Instead of entering passwords or private keys, #WalletConnect uses a QR code or a secure connection link to connect the wallet to the application. This makes the user experience on Web3 more flexible and secure.
The currency was recently launched within the uses of the protocol $WCT
and is available on many platforms including Binance.
Regarding the technical outlook:
A quick technical analysis of the $WCTUSDT currency on the daily frame:
The currency is currently trading at low levels near 0.3, after a wave
of decline from the previous peak of about $1.5.
🔍 Important Notes:
There is a potential rebound from a strong support area ($0.3-$0.28), which is a previous launch.
Expected targets in case of a bullish rebound:
First resistance: $0.4668
Second resistance: $0.7376
Long-term target: $1.2087
