🚨 Investors Attention! Is $WCT ready for a new round of rebound?
Recently, many sharp-eyed investors may have noticed that WalletConnect ($WCT) has quietly entered a key technical area. Although the price has not changed significantly, the technical indicators are brewing momentum, and the narrative of the project itself is becoming increasingly clear.
So the question arises: How much potential does this Web3 'infrastructure-level' protocol still have to be released?
🔗 What is WalletConnect?
In simple terms, WalletConnect is an open-source protocol used to connect wallets and dApps. You may have used it when trading on Uniswap, buying NFTs on OpenSea, participating in DeFi, or chain games.
Whether through QR codes, deep links, or multi-chain wallet connection experiences, WalletConnect plays the role of a 'bridge' in Web3.
Its recently upgraded v2 version is a significant advancement —
supporting multi-chain session connections, enhancing security, and making SDK tools more flexible, compatible with all major EVM chains: Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Base......
In a word: The wallet connection experience across all chains is being standardized by it.
📊 WCT Token Economic Overview
• Token Symbol: $WCT
• Function: Protocol Governance, Staking Incentives, Participation in Protocol Profit Sharing
• Total Supply: 1 Billion
• Current Circulation: Approximately 186 million (as of August 3, 2025)
Current Price: $0.2954
24-hour Trading Volume: Approximately $23 million – $47 million
Market Cap Ranking: Approximately $54 million – $55 million, still has room for growth
🧭 Technical Analysis Overview (as of 2025/08/03)
• RSI (14 days): 51, in the neutral to strong area
• MACD: Golden cross appears, momentum strengthens
• 50-day Moving Average (GHO): $0.283, current price is above it
• 200-day Moving Average: $0.313, short-term resistance is also here
• Support Level: $0.285 – $0.275
• Resistance Level: $0.305 – $0.32
👉 Technically, the current price is close to the support and breakout range, with upward momentum testing resistance accumulating.
🔮 Three Possible Market Scenarios
1. Sideways Consolidation (Oscillation): Fluctuation in the $0.29 – $0.30 range
2. Positive Catalysts (Protocol Updates, Collaboration Announcements): $0.32 – $0.35
3. Strong Breakout (Bull Market Sentiment Overlay): $0.38 – $0.42
