📉📈 Is WalletConnect’s Token Gearing Up for a Breakout or Another Brutal Rejection?
In a market teetering between uncertainty and potential, wct (WalletConnect Token) has suddenly emerged as a serious contender on trader watchlists. After weeks of silence and a sluggish downtrend, this native token is flashing signs of recovery — but it’s not out of the woods just yet.
🔍 The Turning Point Is Here — Why This Matters
Over the past few days, wct has begun to show subtle yet strong signals of bullish intent. The price action has flipped key short-term moving averages into support zones, and momentum is gradually building beneath the surface. But there's one major hurdle still in play: the 99-period Moving Average, sitting stubbornly around $0.3016 — a level that's historically acted as a brick wall for any upward movement.
📊 Current Technical Landscape — What the Charts Say
Current Price: $0.2996
MA 7: $0.2989 ✅ (Holding as short-term support)
MA 25: $0.2966 ✅ (Flipped into support)
MA 99: $0.3016 ❌ (The key resistance that halted every rally attempt since July 30)
This price behavior shows a coiling spring setup — one where price consolidates tightly under resistance, waiting for volume and momentum to align before an explosive breakout. The current upward slope in both the MA 7 and MA 25 is a signal that buyers are regaining control, though cautiously.
🧭 Key Technical Zones To Watch:
🔐 Immediate Resistance: $0.3016 (MA 99)
🚀 Breakout Zone: $0.3060 – $0.3100
🛡️ Key Supports: $0.2960 (minor), then $0.2900 (stronger bounce level)
If price breaks and holds above the 99 MA, momentum traders could flood in, triggering a short-term mini-rally. On the flip side, failure to flip this zone could form a lower high, cementing the current bearish structure.
⚙️ Momentum Mechanics — What Fuels the Next Move?
📈 Bullish Case: A decisive daily close above $0.305 with strong volume = acceleration toward $0.315–$0.320
📉 Bearish Case: Rejection near $0.3016 followed by a drop below $0.2960 = formation of a lower high and potential retest of $0.2900
📦 Volume Clue: Low-volume green candles are a red flag — watch for strong volume confirmation to validate a breakout.
🧠 Macro View — Why WCT Deserves Attention Now
As the broader crypto market pivots from Bitcoin dominance to altcoin resurgence, low-cap utility tokens like WCT are gaining renewed focus. WalletConnect is a key infrastructure project in the Web3 ecosystem, providing secure connectivity between wallets and dApps, and with rising developer activity around Web3 user experience, WCT could become a major beneficiary of the trend.
Add to this the recent surge in Layer 2 adoption, modular wallet demand, and ETH’s increasing TVL — and you’ve got the perfect backdrop for @WalletConnect to stage a comeback.
📝 Strategic Notes for Traders:
✅ Keep alert for a clean breakout with strong candle close above $0.305
⚠️ Be wary of wicks or fakeouts if volume doesn’t support price action
🎯 A rally to $0.315–$0.320 could open the door for further upside — but confirmation is everything
📉 A breakdown below $0.2900 flips the bias back bearish — invalidating the current structure
💬 Community Check-In: What’s Your Scenario?
Are we about to witness the beginning of a WCT recovery rally — or just another failed breakout attempt? Drop your thoughts, charts, or trade ideas in the comments.
Let’s crowdsource the momentum — because this zone is heating up, and the market is watching. 🔥