$WCT Technical Analysis & Bullish Outlook
After a strong correction from its all-time high of $1.39, wct is now stabilizing near $0.295, just above its recent low of $0.2869. The RSI (45) shows neutral momentum, and current price action suggests a possible accumulation phase.
Key support: $0.2315
đ Potential targets:
⢠TP1: $0.3401 (MA50 resistance zone)
⢠TP2: $0.4751 (previous breakdown zone)
⢠TP3: $0.7187 (gap resistance)
Why Iâm bullish?
@WalletConnect is at the core of Web3 UX â powering secure and seamless dApp connections. With $WCT, theyâre not just improving the infrastructure, but giving real utility to a Web3-native communication protocol. As adoption grows, WCT stands to benefit massively.
đ Accumulating in this zone could offer great risk/reward for mid-term swing traders.
#WalletConnect $WCT
