✅ WHY WCT TOKEN PRICE UP TODAY ?
WalletConnect Token (WCT) rose 0.36% in the past 24h, a modest rebound amid broader market gains (+0.9%). Key drivers include Solana integration momentum, recovery from oversold conditions, and community speculation about future utility.
Solana Network Integration – Binance enabled WCT deposits/withdrawals via Solana on July 10, enhancing accessibility.
Technical Rebound – Oversold RSI (41.99) and proximity to key support ($0.28) triggered short-term buying.
Airdrop Speculation – Ongoing 5M WCT airdrop for Solana users fuels optimism despite recent profit-taking.
Deep Dive
1. Solana Integration Momentum (Bullish Impact)
Overview: Binance completed WCT integration on Solana on July 10, 2025 (Binance), enabling faster/cheaper transactions. This followed WalletConnect’s June announcement of a 5M WCT airdrop targeting Solana users (Phantom, Jupiter, Backpack wallets).
What this means:
Solana’s high throughput (65k TPS) and low fees align with WalletConnect’s cross-chain ambitions, improving WCT’s utility for dApp-wallet interactions.
Increased accessibility on Binance—which handled 24h WCT volumes of $24.68M—supports liquidity.
What to look out for: Airdrop claim rates (live since July 14) and Solana-based WCT adoption metrics.
2. Technical Rebound From Oversold Levels (Mixed Impact)
Overview: WCT’s 24h gain follows a 10.88% weekly drop. The RSI14 (41.99) exited oversold territory, while the MACD histogram (-0.0064) shows slowing bearish momentum.
What this means:
Short-term traders likely bought near the 30-day SMA ($0.307) and Fibonacci 23.6% retracement ($0.379).
Weak volume (-25.98% weekly) suggests cautious sentiment—price remains 59.35% below its July 2025 high of $0.74.
Key level: A sustained break above $0.31 (July 23 resistance) could signal further recovery.
3. Supply Dynamics & Community Sentiment (Mixed Impact)
