📊 WCT/USDT Analysis

#WalletConnect $WCT @WalletConnect

On the 8H chart, $WCT is forming a narrowing wedge 🔻, where the price is consolidating at the lower bound around $0.30. Ichimoku indicates being in the cloud, EMA7 and EMA25 are currently serving as resistance, while the Parabolic SAR remains bearish. A breakout upwards from the wedge above $0.306–0.321 could give momentum to $0.335–0.343 🚀. Losing $0.30 will intensify pressure and open the way to $0.285–0.27 📉.

🔗 Fundamentals:

WalletConnect is a key infrastructure protocol for Web3, connecting wallets and dApps. It supports 600+ wallets and 65K+ applications, providing 300M+ connections for nearly 50M users 🌐. The launch of the WalletConnect Network and token $WCT on Optimism and Solana enhances decentralization through staking and governance. The technology ensures encryption and cross-chain compatibility, making the project systemically important in the Web3 ecosystem. 🔑

📌 Conclusion:

Technically, the asset is in a consolidation zone and close to a breakout. The fundamentals remain strong, which increases the chances of an upward breakout in a favorable market. 🧐