WalletConnect Token ($WCT ) has increased by 4.90% in the last 24 hours.
Firstly, an important event was the addition of $WCT on Coinbase. On August 12 and 13, it was announced on Coinbase's official Twitter accounts that the token would be included in their plans and will then be officially supported on the Optimism network. Trading was set to begin on August 14, contingent on sufficient liquidity. Typically, a listing on a major exchange like Coinbase increases demand as it makes the token more accessible to investors, leading to a price increase. The trading volume over the last 24 hours has risen by 222.54%, confirming the impact of this event.
The Relative Strength Index (RSI14) is at 57.2 — this is a neutral zone but trending towards overbought. The MACD histogram is positive, indicating bullish momentum. The price is above the 7-day moving averages (SMA and EMA), supporting the upward trend. Fibonacci retracement levels show that breaking the 23.6% mark at $0.379 could lead to further growth. An important support level is the pivot point at $0.3538. All these technical indicators confirm a positive market sentiment,
