@WalletConnect #WalletConnect $WCT the past few hours, $WCT has experienced clear downward pressure. After failing to hold above $0.309, sellers took over and pushed the price as low as $0.2952. The chart is forming a lower high and lower low structure, which is typically bearish. Despite a slight recovery, the price remains below key resistance levels, and volume is dropping. The Parabolic SAR confirms a bearish trend with dots appearing above the candles. Moving Averages MA(5) and MA(10) are converging, suggesting possible short-term consolidation. The current price at $0.2967 is near critical support. If this level fails, the next support zones to watch are $0.290 and possibly $0.288. For any bullish momentum to return, buyers must break above the $0.3007 zone with strength and volume. Without this, the bearish trend could extend further. Momentum indicators are also neutral to negative. With a 7-day decline of -14.87% and a 90-day drop of -19.73%, WCT needs strong catalyst news or buying volume to reverse its course. For now, traders should consider this a bearish-to-neutral zone and avoid entering until a clear breakout or support hold is confirmed.
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