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The WalletConnect Token (WCT) has fallen by 6.18% in the last 24 hours, which is significantly worse than the overall cryptocurrency market (-1.34%). This decline is associated with profit-taking following a recent listing on exchanges and mixed technical signals. The main reasons:
Volatility after the listing on Coinbase – an initial rise of 11% was followed by a decline after trading began.
Overall market decline – the cryptocurrency fear and greed index is in the neutral zone (53) amid liquidations in derivatives.
Technical resistance – the price bounced off an important Fibonacci level ($0.345#wct #WalletConnect @WalletConnect )
