Here’s why reaching the $1 price for WalletConnect Token ($WCT ) seems imminent—or at least increasingly plausible in the short term:
🚀 Strong Technical Momentum
WCT broke above ~$0.60 in mid‑May, confirming a technical breakout from prior resistance and followed by high trading volume and bullish momentum .
Binance’s analysis identified clear resistance levels at $0.6746, after which “it’s a clear run to $1 and beyond” .
The pattern suggests momentum traders may push the token toward $1 quickly, as the breakout triggers FOMO and increased buying pressure .
🔑 Psychological & Structural Catalysts
Hitting $1 is a major psychological milestone. Markets often respond to such round-number targets with renewed speculation and volume spikes.
With the $0.60– $0.70 range now flipping into support, price levels above are less likely to attract profit-taking until much higher levels are reached .
Market participants—seeing WCT surpass historical highs—may anticipate continued upside power, reinforcing bullish sentiment.
🌐 Fundamental Tailwinds
@WalletConnect s ecosystem drives real usage: 15 million monthly connections across hundreds of dApps and chains. Adoption is growing rapidly .
Expansion into new networks like Solana, and the broader plan for staking, governance, and utility roles, have boosted investor confidence—and likely led to airdrops and more engagement events .
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📊 Market Data & Recent Action
As of now, WCT trades around $0.33, well below recent peaks, giving it ample room to rise toward $1 .
In late May 2025, WCT price surged into the $1.10–$1.16 territory, a dramatic rally of over 270% in a single month, showing that the market already briefly tested—and exceeded—the $1 threshold .
In one report, it was even trading at $1.25, with trading volume nearing $920 million and sentiment overwhelmingly bullish (88%) .
🛑 Risks & Potential Pullbacks
While breakout momentum is strong, liquidation events or macro pullbacks could cause rapid drops back to support around $0.60 or below.
Token vesting/unlocks or regulatory shifts could introduce volatility.
If broader crypto markets correct, WCT can retrace with them, despite its own strengths.
⚠️ Final Thoughts
While no forecast is guaranteed, the combination of structural breakout, real-world use-case expansion, and proven willingness of the market to push past $1 in recent months puts the $1 level well within reach in the near term—barring major downside catalysts.
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