$WCT Technical Analysis of $WCT
WalletConnect Token ($WCT) is trading near $0.32, reflecting a minor daily decline of ~–0.06%. The chart shows that the token is struggling to hold the $0.32 support zone, after testing an intraday high around $0.35.
Key Technical Points:
Support Zone: $0.32 remains a short-term base. A breakdown below may send $WCT toward $0.30–0.305.
Resistance Zone: Upside is capped around $0.35. Bulls must reclaim this level to confirm momentum.
Indicators: Current momentum is neutral-bearish. Trading volumes (~$25M–30M daily) suggest market activity is healthy, but not strongly bullish.
Near-Term Scenarios:
Bullish Case: If wct reclaims $0.34–0.35 with strong buying volume, a push toward $0.38 is possible.
Bearish Case: A close below $0.32 would expose the token to retests near $0.30, and further weakness may drag toward $0.28.
Trading Strategy:
Short-term traders can watch for a bounce around $0.32. Momentum confirmation above $0.35 would favor long positions. Stop-losses below $0.30 help limit downside risk.
Summary: wct is consolidating between $0.32–$0.35. Bulls need a volume-backed breakout to retest higher levels, while bears will eye $0.30 if support gives way.
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