Crypto Maxx
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📊 Technical Analysis + Fundamental Overview on WCT/USDT
🔹 Project: @WalletConnect
🔹 Currency: $WCT
🔹 Current Price: 0.3291 USDT
🔹 Time Frame: 1 Hour
🔹 RSI(6): 46.96 (Neutral Zone – Neither Overbought nor Oversold)
🔻 The currency has seen a correction from 0.3758 towards support at 0.3235, and is currently moving horizontally within a narrow range, in an attempt to form a new price base.
🔷 About the Project:
WalletConnect is a secure communication protocol that links decentralized wallets (such as MetaMask) with decentralized applications (dApps). It is one of the cornerstones in the Web3 ecosystem and is widely used in DeFi, NFTs, and DAOs.
💸 Staking and Its Potential Impact:
The project launched a Staking program for currency $WCT with the aim of rewarding active users and long-term investors, which could lead to:
✅ Reducing the supply of the currency in the market
✅ Encouraging long-term holding
✅ Creating gradual demand for the currency
📈 Over time, with a large number of coins remaining in staking smart contracts, we may witness gradual buying pressure pushing the price upward.
📌 Technical Monitoring:
Breaking the level of 0.3324 will be an initial positive signal
Maintaining support at 0.3235 is essential to avoid a wider drop
In case of positivity, the next target is 0.3440 then 0.355+
#WalletConnect #Cryptomaxx
🔹 Project: @WalletConnect
🔹 Currency: $WCT
🔹 Current Price: 0.3291 USDT
🔹 Time Frame: 1 Hour
🔹 RSI(6): 46.96 (Neutral Zone – Neither Overbought nor Oversold)
🔻 The currency has seen a correction from 0.3758 towards support at 0.3235, and is currently moving horizontally within a narrow range, in an attempt to form a new price base.
🔷 About the Project:
WalletConnect is a secure communication protocol that links decentralized wallets (such as MetaMask) with decentralized applications (dApps). It is one of the cornerstones in the Web3 ecosystem and is widely used in DeFi, NFTs, and DAOs.
💸 Staking and Its Potential Impact:
The project launched a Staking program for currency $WCT with the aim of rewarding active users and long-term investors, which could lead to:
✅ Reducing the supply of the currency in the market
✅ Encouraging long-term holding
✅ Creating gradual demand for the currency
📈 Over time, with a large number of coins remaining in staking smart contracts, we may witness gradual buying pressure pushing the price upward.
📌 Technical Monitoring:
Breaking the level of 0.3324 will be an initial positive signal
Maintaining support at 0.3235 is essential to avoid a wider drop
In case of positivity, the next target is 0.3440 then 0.355+
#WalletConnect #Cryptomaxx
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.