Current Market Situation
WCT token (#WalletConnectToken ) shows a volatile trading pattern in recent days, moving within a price range between $0.2966 and $0.3092. The last recorded trading price is $0.3003, with a slight downward trend in recent hours.
News Affecting Price
Upcoming Airdrops
* Jup,,iter announced the eligibility conditions for WCT distributions, indicating increased interest in the currency.
* Cooperation #WalletConnect with Back,,pack to distribute WCT tokens to Holder badge holders, which may increase demand.
Binance Creators Platform Event
* Platform #BinanceSquare will launch a new event through which users can obtain $500,000 worth of WCT tokens.
* This event continues from June 19 to September 30, 2025, which may support the price of the currency during this period.
Price Movement Analysis
Short-Term Trend
* The currency has gradually decreased from $0.3072 on July 7 to the current level.
* Trading volume is volatile, with a noticeable increase during certain hours, especially during midnight (3232.65 units).
Support and Resistance
* Main support level: $0.2975
* Main resistance level: $0.3092
Future Predictions
Positive Factors
* New partnerships with some platforms increase the currency's spread.
* The ongoing event #Binance for several months may provide continuous support for the demand for the currency.
* The "Stable Coin Related Assets" classification that $WCT belongs to has risen by 3.37%, indicating the strength of this sector.
Warning Factors
* Price fluctuations within a narrow range may indicate investor hesitation.
* The presence of token unlocks in the market (as reported in the news) may increase selling pressure.
Summary
It seems that $WCT has strong fundamentals supported by strategic partnerships and planned distribution events. In the short term, trading is likely to continue within the current range with the potential for gradual increases if Binance and other partners' marketing initiatives succeed. Investors should closely monitor the development of new partnerships and the level of participation in token distribution events as indicators of future price direction.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.