Technical analysis $WCT shows that the Relative Strength Index (RSI) is around 41.67 (over 14 days), which does not indicate oversold conditions but suggests some buying interest. MACD is negative, but the histogram is slightly improving, which may indicate a potential change in trend. The price is below the 30-day moving average (SMA), confirming the ongoing downtrend; however, the recent increase may be a reaction to news.
The global crypto market has grown by 1.13% in the last 24 hours, so part of the growth of $WCT is related to the overall positive sentiment. Nevertheless, the growth of $WCT is outpacing the market, indicating the influence of token-specific factors.
WalletConnect Token (WCT) has increased by 2.44% in the last 24 hours due to its listing on Coinbase on the Optimism network and positive news about partnerships. Technical analysis indicates a potential short-term increase, but long-term trends remain negative.