#WalletConnect $WCT @WalletConnect

📊 WCT/USDT Analysis (1D, Binance)

A descending triangle 🔻 is forming on the chart: support is held around $0.30, while the resistance line slopes down from local peaks. Indicators (MA, Ichimoku, SAR) indicate selling pressure, and the price is still below the cloud ☁️.

A breakout below the $0.30 level may intensify the decline, while a hold above $0.33 will be the first signal for a reversal 🚀.

🌐 Fundamentals:

WalletConnect is an open protocol for secure connections between wallets and dApps 🔗.

Since 2018, it has become a key element of Web3: supporting 600+ wallets and 65k+ applications, providing 300M+ connections for 47.5M users 🌍.

The token $WCT operates on the Optimism and Solana networks, used for governance, staking, and improving UX.

The project provides end-to-end encryption and cross-chain interoperability, making it the foundation of on-chain connectivity.

⚖️ The technical outlook is bearish, but the fundamentals are strong — in the long term, the asset looks promising. 🚀