🪙 What is Wallet Connect (WCT)? We always talk about it because it's an amazing project. Grab your coffee cup and let's go!!!
The Wallet Connect currency is part of a technical project that allows you to connect your decentralized wallet (like MetaMask or Trust Wallet) to any decentralized application easily and securely, without having to enter your passwords or data every time. This system helps secure transactions and facilitates access to the crypto world.
WCT is the official currency of this system, used in payment processes, incentives, and some services within the WalletConnect network.
📊 Today's detailed technical analysis of WCT:
✅ Current price: Approximately $0.305
✅ General trend: Slightly down after a wave of rise, but still maintains part of its gains.
✅ Strong support: Around $0.29, and if it drops to this level, it might find demand and rise.
✅ Current resistance: About $0.315, and if the price can break it steadily, we might see a new rise.
✅ Technical indicators:
The Relative Strength Index (RSI) is around 52, meaning the market is somewhat balanced, with neither strong selling pressure nor significant buying.
The 50-day moving average is close to the current price, which means the market is in a phase of anticipation and waiting for a clear signal.
The candlestick movement of the past two days shows clear volatility, meaning people are still hesitant.
⚠️ Important advice:
The market is currently hesitant, with no strong clear trend, so you need to act cautiously, especially if you plan to buy. Set your targets and stop-loss level well, and don't risk your entire capital.
💡 Summary:
The WCT currency's project is important for the world of connecting wallets and applications. Technically, the situation today is a bit volatile, but if the price breaks the resistance, we could see a good rise, and if it breaks the support, it may continue to decline, so keep an eye on the market continuously.
