The WalletConnect Token ($WCT ) price has decreased by 2.32% over the last 24 hours, which is worse than the overall cryptocurrency market (-0.6%). Main reasons:
The price of WalletConnect Token ($WCT ) has dropped by 2.32% in the last 24 hours. This is due to the overall decline in the cryptocurrency market, profit-taking after the listing on Coinbase in the Optimism network, and technical indicators suggesting a bearish sentiment. Moderate liquidity may have exacerbated the decline.
Profit-taking after the listing on Optimism – the launch of trading for $WCT on Coinbase in the Optimism network (August 14) triggered a "sell on the news" reaction.
Negative technical picture – the price has fallen below key moving averages ($0.3269), and the RSI index (43.45) indicates weakening momentum.
Overall caution in the market – neutral crypto sentiment (fear and greed index: 46) and weakness in altcoins have reduced speculative demand.