$WCT
⚙️ Fundamentals and Institutional Structure Analysis
WCT's Role within the WalletConnect Ecosystem: Used for voting, rewards, operating Service Nodes, and is part of Governance and Staking.
The platform is connected to over 600 wallets and 40,000 Web3 applications, with support from institutions like Coinbase, ConsenSys, and Circle.
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🧭 Summary and Proposed Strategy
Axis Current Evaluation
Short-term Trend Moderately Positive (+5% weekly expected) with buying momentum
Technical Support Support at moving averages, RSI neutral
Potential Volatility Range of 0.30–0.38 USD over the coming weeks
Fundamentals Relatively strong due to WalletConnect's role in Web3
Risks Potential pullbacks and institutional withdrawals or general market volatility
Proposed Strategy:
For short-term speculation: A moderate position can be entered at ~0.37 USD, with a stop loss below ~0.35 USD, and profit taking at bullish breakouts above ~0.38 USD.
For medium/long-term: Increase risk based on the emergence of sustainable growth indicators or updates from WalletConnect, with gradual entry adjustments through support levels (~0.30 USD) to accommodate volatility.