$WCT recently increased ~2% to $0.338–0.347, with strong volume but only ~19% circulating tokens. A series of upcoming unlocks could cause significant volatility if whales or insiders sell.
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1. Quick update today
Current Price: $0.338–0.347 (+1%–2%)
24h Range: $0.332–0.351
24h Volume: ~$57–74M
Market Cap: ~$62–64M with 186M circulating tokens (~19%)
Sentiment: Greed (73), the community is bullish but cautious from a technical perspective
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2. News & price momentum
Short-term Catalysts
Price slightly increased due to successful listing, trading volume on Binance & MEXC surged
The vesting unlock set has already opened ~19.8% of tokens (198M / 1B) – with 127M WCT about to unlock (~12.7% of total supply), which could create significant selling pressure
Long-term Narratives
WCT is a governance token, staking, and relay for the WalletConnect network – a cross-chain UX platform supporting 15 million user connections/month across 300+ chains
Tokenomics is quite balanced: team (18.5%), foundation (20%), airdrop (18.5%), rewards, warrants,... many sources are still locked until the end of 2025
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3. Technical analysis & scenarios
Chart & RSI/MACD: Price fluctuates sideways around $0.338 with a slight upward trend; RSI neutral and not overbought
Support – Resistance:
Support: $0.33–0.335
Resistance: $0.35 → if it breaks out strongly, it may test $0.38
Scenario:
Bullish: If it stays above $0.335 & volume increases, the price could break up to $0.38
Bearish: If the unlock process increases supply, the price could easily drop to $0.30
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4. Investment strategy
Trader (Short-term)
Buy: $0.335–0.338
SL: < $0.33
TP: $0.35 → $0.38 → need to monitor unlock schedule
Holder (Mid‑Long‑term)
Accumulate: $0.30–0.33 (waiting for price adjustment after unlock)
Invalid if: < $0.30
Target: $0.45–0.60 if the foundation increases adoption & unlock happens smoothly (or lower if unlock causes sell-off)
⚠️ Not investment advice. DYOR and manage your capital.
