@WalletConnect #WalletConnect $WCT The WCT/USDT pair continues its downward momentum after facing rejection from the $0.3094 resistance. On the hourly chart, every bullish candle is getting shorter while bearish candles are stretching, signaling weakening buy strength. The Parabolic SAR trend has flipped bearish once again, and dots are consistently forming above the price candles. Trading volume is also on a downward trajectory, with the most recent bars showing significantly less buyer participation. The support level at $0.2952 is under pressure. If this level fails to hold, there could be a swift fall toward the $0.290 psychological zone. The moving averages are tight, and MA(10) is slightly above MA(5), a sign of a slow bearish crawl. For a reversal, bulls need to break through $0.3007 with significant volume and reclaim $0.3039–$0.3094 as a higher high. Without a strong move above this zone, $WCT is likely to remain in a bearish consolidation range. Traders should watch for bullish divergence or volume spikes to anticipate a potential bounce. Until then, it’s best to remain cautious and avoid chasing upward moves unless they are backed by strong technical confirmations and momentum shifts

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