The WalletConnect currency has witnessed
$WCT
🔍The WalletConnect (WCT) currency has experienced significant volatility, with a sharp decline of 63% following a notable previous surge.
💡*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 driving force behind the decline: The drop was not driven by negative news, but by 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 distribution of tokens (airdrops) has led to an increase in trading activity, making the market more sensitive to fluctuations.
Technical factors: From a technical perspective, 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 Forecasts: Some analysts expect 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 the momentum continues.
*Growth Strategies*: The future of WCT depends on widespread participation and new innovations in the WalletConnect ecosystem.
📝"Final Notes"
The WCT currency is a key protocol within the digital currency ecosystem, with strong potential for long-term growth. However, the community must be aware of potential fluctuations 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.