$WCT / USDT – WalletConnect Token: Connecting the Future
What is WCT?
The WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network—the widely-used cryptographic protocol that enables secure, chain-agnostic connections between wallets and dApps. WCT supports staking, governance, rewards, fee-paying, and network security functions.
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Live Price Snapshot
Current Price: ~$0.30 USD
24-Hour Change: ~–2% to –3%
Market Cap: ~$56M
Circulating Supply: ~186 million WCT / Max Supply: 1 billion
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Key Levels to Watch
Level Type Price (USD)
Immediate Support $0.29
Key Support $0.28
Immediate Resistance $0.32
Major Resistance $0.34—$0.3386
RSI is currently oversold (around 28.8), hinting at a potential short-term bounce.
Resistance at $0.3386 is a critical break zone—watch for a breakout confirmation there.
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Trade Setup & Targets
Entry Zone: $0.2850 – $0.2950
Target 1: $0.32 (short-term rebound)
Target 2: $0.34 (first resistance zone)
Target 3: $0.40+ (swing high potential)
Stop Loss: Below $0.28 (preserve capital on structure breakdown)
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Trading Tips
1. Tip 1: Let the RSI oversold bounce confirm—don’t buy just because it looks cheap.
2. Tip 2: Use scale-in entries; improve your average cost during pullbacks.
3. Tip 3: Trail stops upward once Target 1 hits to lock in gains while letting runners run.
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Market Sentiment
Bullish Catalyst: Coinbase integration via the Optimism network roadmap lifted price ~11% recently.
Community Caution: Concerns over future token unlocks (since ~80% supply is locked) add dilution risk.
General Bias: Mixed—short-term technicals suggest rebound potential, while long-term investor caution remains given tokenomics.
share with trading farm.