📊 $WCT /USDT – Technical & Fundamental Breakdown
Technical Analysis
WCT is trading at $0.3563, marking a -1.63% dip in the latest session. Price is holding above immediate support at $0.3500, which is critical for short-term momentum. If buyers defend this zone, upside targets include $0.3650 and $0.3700. A breakout above $0.3900–$0.3950 could trigger a rally toward $0.4150. Conversely, failure to hold above $0.3450 may expose $0.3300 as the next key support. Volume confirmation will be essential to validate any breakout move.
Market Outlook
Despite recent pullbacks, WCT’s structure remains intact for a potential bullish reversal if broader market sentiment turns positive. Accumulation around the current range indicates that buyers are positioning for an upward move, but sellers still control short-term pressure.
About #WalletConnect (WCT)
WalletConnect is a leading Web3 communications protocol enabling secure connections between wallets and decentralized applications (dApps). With over 300M+ connections for 47.5M users, it stands as a backbone for Web3 interoperability. The $WCT token powers its decentralized governance, staking, and incentivization model. Built for end-to-end encryption and chain-agnostic interoperability, WalletConnect is expanding its network to support scalable cross-chain communication, making it a crucial infrastructure layer in the evolving blockchain ecosystem.