The crypto market is always on the move, and WalletConnect Token ($WCT ), the native utility token of the crucial WalletConnect Network, has been showing some interesting moves since its full launch in April 2025. It's a key infrastructure player connecting your wallets to dApps – a truly essential piece of Web3!
Let's break down the latest on WCT and what the technicals are hinting at:
📊 Current Snapshot (as of July 21, 2025):
* Price: Around $0.37 - $0.38 USD 📈 (up ~6-7% in the last 24 hours!)
* Market Cap: Approximately $69 - $70 Million USD
* Circulating Supply: 186.2 Million WCT (out of a 1 Billion max supply)
* All-Time High (ATH): ~$1.39 (reached previously in May 2025)
📈 Technical Pulse Check:
After its impressive initial rally to over $1, $WCT has been in a period of consolidation and correction, which is natural for a newly launched asset.
* Recent Momentum: The last 24-48 hours have seen a nice bounce, showing renewed buying interest. Over the last 7 days, WCT is up roughly +9-13%.
* Key Support Levels: Watch the $0.30 - $0.32 range closely. This area has shown some resilience and holding above it is crucial for a sustained upward trend. Stronger support could be found near its all-time low around $0.28.
* Resistance Levels: The immediate hurdles are around $0.40 - $0.41, followed by stronger resistance at the psychological $0.50 mark. Breaking and holding above these levels would signal a potential reversal of the short-term downtrend.
* Moving Averages & Oscillators: While short-term MAs might be showing some bullish signs, the longer-term ones (like the 200-day) are still indicating a weaker trend due to the recent correction. Oscillators like RSI might be in a neutral-to-slightly-oversold zone, suggesting selling pressure could be easing.
💡 Why $WCT Matters:
WalletConnect is an indispensable protocol for Web3. Its token aims to incentivize network participation, facilitate governance, and potentially enable future staking and fee payments. Continued growth of the dApp ecosystem directly benefits the WalletConnect Network.
What are your thoughts on $WCT's future? Are you watching this essential Web3 infrastructure play? Share your analysis below! 👇