$WCT WalletConnect (WCT) climbs to $0.3577 – Short-term correction risk, long-term outlook remains bullish
WalletConnect (WCT) is currently trading at $0.3577 USDT, marking a strong rebound from the $0.28 support zone. This surge highlights bullish technical signals and community optimism, with long-term targets projected as high as $10.
In the short term, however, indicators suggest that WCT is entering overbought conditions, coupled with rising volatility and recent net capital outflows. These factors signal a potential price correction before the token can sustain further upside momentum.
Nonetheless, WCT’s long-term outlook remains highly positive, underpinned by its foundational role in Web3 infrastructure, strong user adoption, and utility in staking and governance.
Do you think WCT will break past $0.40 soon, or face a deeper correction before the next rally?