📉📈 Is WalletConnect’s Token Ready for Liftoff or Headed for Another Letdown?
In a market caught between hesitation and opportunity, WalletConnect Token ($WCT) is suddenly catching serious attention. After a quiet stretch and gradual decline, signs of a turnaround are starting to emerge — but the path forward isn’t clear yet.
🔍 The Decisive Moment — Why It Matters Now
Recent price action hints at a possible trend shift. $WCT has flipped key short-term moving averages into support, and momentum appears to be quietly building. However, one major barrier remains: the 99-period Moving Average at $0.3016 — a level that has consistently rejected upward moves since July 30.
📊 Technical Snapshot
Current Price: $0.2996
MA 7: $0.2989 ✅ (short-term support)
MA 25: $0.2966 ✅ (turned support)
MA 99: $0.3016 ❌ (major resistance still intact)
The setup looks like a “coiling spring” — tight consolidation just under resistance. The upward slope on the MA 7 and MA 25 suggests bullish control is returning, but carefully.
🧭 Key Levels to Watch
Resistance: $0.3016 (MA 99)
Breakout Zone: $0.3060–$0.3100
Support: $0.2960 (minor), $0.2900 (major)
A confirmed move above the 99 MA could attract momentum buyers and kick off a short rally. On the flip side, failure to break could confirm a lower high and maintain bearish pressure.
⚙️ What Could Drive the Next Move?
📈 Bullish Setup: Daily close above $0.305 with strong volume → potential push to $0.315–$0.320
📉 Bearish Setup: Rejection at $0.3016 and break below $0.2960 → lower high, possible dip to $0.2900
📦 Volume Watch: Weak green candles with low volume = caution flag. Real breakouts need volume confirmation.
🧠 The Bigger Picture — Why WCT Is Gaining Interest
As altcoins start to reclaim market share from Bitcoin, low-cap utility tokens like WCT are back on the radar. WalletConnect is a core Web3 project, enabling secure wallet-to-dApp connections. With rising demand for modular wallets, Layer 2 expansion, and growing Ethereum TVL, WCT is in a strong position to benefit.
📝 Trade Tips:
✅ Watch for a clean break and close above $0.305 with volume
⚠️ Be cautious of fakeouts — volume is key
🎯 A move to $0.315–$0.320 could unlock more upside
📉 A break below $0.2900 flips the setup bearish
💬 Your Take?
Is $WCT gearing up for a breakout or about to repeat history with another failed attempt? Share your analysis, thoughts, or trades in the comments.
The tension’s building — and so is trader interest. 🔥
