WCT Token Update — Current Trend & Analysis
WalletConnect Token (WCT) is the utility token of the WalletConnect protocol — the widely used system that securely links crypto wallets to decentralized apps (dApps) across multiple blockchains like Ethereum $ETH , Solana $SOL , and Optimism
📊 Latest Market Snapshot
Price: ≈ $0.30
24‑hour change: Around –8%
Market cap: ~$56 million
Daily volume: ~$36–40 million
🚀 What Happened Recently?
WCT has seen a strong rally in May, briefly trading above $1.00, driven by new exchange listings and strong trading volume.
But following that surge, it dropped sharply, losing over 20–30% in value in a short time as traders took profits.
Recently, WCT launched on the Solana network, and a 5 million WCT airdrop was announced for active Solana users—adding fresh interest.
🧭 Key Levels and Technical Outlook
Support zone: ~$0.28 – $0.30
Resistance zone: ~$0.35 – $0.40
Technical indicators like RSI are neutral and MACD shows early bullish signs—suggesting possible breakout if volume picks up.
Some analysts believe if WCT holds above $0.60 support, it could target $1 or higher again.
Why Analysts Are Paying Attention:
WCT powers the WalletConnect network used by millions of users, hundreds of wallets, and thousands of dApps.
Token utility includes governance, staking, and usage-based fees as the ecosystem grows.
Recent on-chain activity and community growth make it a real-utility token on the rise.
WCT is currently consolidating—notably off its recent highs—but still remains closely watched due to its utility and growing ecosystem. If volume returns or major announcements arrive, a move toward $0.35–$0.40 seems possible. But caution is advised: a break below $0.28 could trigger further decline.
