🚨 Attention Investors! Is $WCT ready for a new round of rebound?
Recently, many sharp-eyed investors may have noticed that WalletConnect ($WCT) has quietly entered a critical technical zone. Although the price hasn't moved significantly, technical indicators are brewing momentum, and the narrative of the project itself is becoming clearer.
So the question arises: How much potential does this Web3 'infrastructure-level' protocol still have to unleash?
🔗 What is WalletConnect?
In simple terms, WalletConnect is an open-source protocol used to connect wallets and dApps. You might have used it when trading on Uniswap, buying NFTs on OpenSea, or participating in DeFi or blockchain 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, with more flexible SDK tools, compatible with all major EVM chains: Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Base……
In one sentence: The wallet connection experience across all chains is being standardized by it.
📊 Overview of WCT Token Economics
• Token Symbol: $WCT
• Function: Protocol governance, staking incentives, participation in profit-sharing within the protocol
• Total Supply: 1 billion
• Current Circulation: Approximately 186 million (as of August 3, 2025)
Current Price: $0.2954
24-hour Trading Volume: Approximately $23 to $47 million
Market Cap Ranking: Approximately $54 to $55 million, still has room for growth
🧭 Quick Technical Analysis (as of 2025/08/03)
• RSI (14 days): 51, in a neutral to strong area
• MACD: Golden cross, momentum is increasing
• 50-day moving average (GHO): $0.283, current price is above
• 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 testing momentum accumulating for resistance.
🔮 Three Possible Market Scenarios
1. Horizontal consolidation (oscillation): $0.29 – $0.30 range fluctuation
2. Positive catalyst (protocol updates, collaboration announcements): $0.32 – $0.35
3. Strong breakout (bullish sentiment overlap): $0.38 – $0.42
