The WalletConnect Token ($WCT ) has fallen by 2.78% over the last 24 hours, which is worse than the overall cryptocurrency market (-0.85%). The main reasons are volatility after the listing on the Coinbase platform with the integration of the Optimism network, bearish technical signals, and neutral market sentiment.
The dynamics of the listing on Coinbase — the initial hype has subsided, and profit-taking has begun.
Technical weakness — bearish MACD signals and RSI below 50 indicate selling pressure.
Caution in the market — the liquidity of altcoins has decreased against the background of rising Bitcoin dominance.
The Fear and Greed Index in cryptocurrencies is at a neutral level (46), down from 50 last week. Altcoin dominance has fallen by 16% over the month, while Bitcoin's share has increased to 58.66%.#wct #WalletConnect @WalletConnect