🔍The WalletConnect (WCT) currency has experienced significant fluctuations, with a sharp decline of 63% following a notable previous rise.
💡*Current Price Analysis*
Explosion Period: In May 2025, the WCT currency rose significantly from $0.20 to $1.38; however, it sharply declined to $0.50 within 24 hours.
The driver behind the decline: The drop was not driven by negative news, but rather a combination of profit-taking and sell-offs by whales, as well as a lack of new updates for the project.
⛔"Factors Affecting WCT"
Distributions: A significant token airdrop event led to increased trading activity, making the market more sensitive to volatility.
Technical Factors: Technically, the chart indicates that the currency may have encountered a new resistance point at $0.50 and **$1.20** as support and resistance levels, respectively.
📉"Future Predictions*
Market Forecast: Some analysts predict that WCT may stabilize in the range of $0.75 - $1.1 by the end of 2025, with opportunities to rise to $1.50 - $2.00 if momentum continues.
*Growth Strategies*: The future of WCT depends on widespread engagement and new innovations within the WalletConnect ecosystem.
📝"Final Notes"
The WCT currency is a key protocol within the cryptocurrency ecosystem, with strong potential for long-term growth. However, the community must be aware of potential volatility and the broader market. Investors should monitor the currency's performance and conduct ongoing studies to assess the risks and potential rewards associated with their investments in WCT.
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