The price is holding above the $0.34–0.35 area, 24h volume close to $42 million, whales and investment funds are starting to accumulate — will there be a breakout when reaching a new ATH?
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1. Quick update
Current price: ~$0.3438 (+0.6% in 24h), up ~10% in 7 days
24h volume: ~$41–43 million
Market Cap: ~$63 million, cir.sol ~186 million $WCT out of a total of 1 billion
Fear & Greed: ~70 (Greed), positive community sentiment
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2. Price momentum
🔹 Short-term Catalysts
IEO Binance Launchpool & Listing: WCT launched IEO at $0.02 → current price has increased ~17x; upcoming unlock round (26 Jul, ~2.5 million WCT)
Whales & funds accumulating: Strong volume of tens of millions USD each day, whales continue the buy-on-dip game
🔸 Long-term Narratives
On-chain UX backbone: WalletConnect currently connects over 15 million users/month, supporting >300 chains – WCT plays a central role in governance & staking
Token admit UX-driven DeFi: Creating a tokenomics foundation for the future of web3, integrating relay nodes and staking incentives
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3. Technical & Action scenario
Chart & volume: Price remains stable above the $0.34–0.35 area, volume maintained >$40 million/day
Indicators: RSI ~55, MACD leaning bullish (trend stable)
Model: Sideways accumulation after pump, ready for breakout if maintained above $0.345
Clear scenario:
✅ Bull case: Breaks & closes candles > $0.35 → target $0.40–0.45 (~15–30%)
❌ Bear case: If it breaks < $0.33 → drops to $0.29–0.31 to retest support
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4. Investment strategy
Short-term trader
Entry: $0.34–0.345 when the price retests that stable area
Target: $0.40–0.45
SL: below $0.33
Trigger: Breakout with volume >$50 million (pump for distribution)
Medium – long-term holders
Accumulate: $0.32–0.34 if believing in the UX narrative + governance utility
Target 2025: $0.55–0.65 (adjust before ATH, maintain UX adoption momentum)
SL: below $0.30
⚠️ Not investment advice. DYOR & manage capital appropriately.
