CURRENT SITUATION (28 AUGUST 2025)
Last price: 0.3055 USDT
24h Variation: +0.23%
24h Volume: 1.917M USDT
🔻 All-time high: ~1.32 USDT (2024)
🔻 -76.86% in 90 days - Is it extremely oversold?
📊 TECHNICAL ANALYSIS
1. Key Indicators:
· Volume: 1.917M vs MA(5) of 8.252M → Low volume suggests possible sales exhaustion
· Trend: Price consolidating near historical lows (possible floor formation)
· RSI (not shown): Should be in the oversold zone (<30) after a -76% drop in 90 days
2. Critical Levels:
· Immediate resistance: 0.32-0.35 USDT
· Key support: 0.30 USDT (psychological level)
3. Possible Scenario:
· Technical rebound towards 0.35-0.40 USDT (+15-30%) if it holds 0.30
· Break of 0.29 could lead to new lows
🌐 FUNDAMENTAL ANALYSIS
WalletConnect - Essential Protocol for Web3
Connect wallets to dApps securely and decentralized
Latest Developments (August 2025):
· ✅ V2.5 Launch: Improvements in speed and multichain compatibility
· ✅ New integration with Solana Mobile and Android Web3 wallets
· ✅ Partnership with Polygon for cross-chain staking
Strengths:
· Critical infrastructure for 500+ dApps and millions of users
· Token $WCT used for governance and fee discounts
· Team backed by Coinbase Ventures and Binance Labs
Risks:
· Competition with WalletConnect v2+ and other connection protocols
· Adoption dependent on overall Web3 growth
🎯 CONCLUSION - HIGH RISK/REWARD OPPORTUNITY
Bullish Arguments:
1. Extremely oversold (-76% in 90 days)
2. Low volume suggests seller exhaustion
3. Essential protocol with real utility in Web3
Strategy:
· Stepwise entry in the $0.30-0.31 zone
· Short-term target: $0.35 (+15%)
· Stop-loss: $0.285 (-6%)
👥 FOLLOW THE PROJECT!
Stay updated with technical developments and partnerships:
🔹 #wct
🔹 $WCT
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⚠️ WARNING: This is not financial advice. WalletConnect presents high volatile risk. Invest only capital you can afford to lose. Conduct your own research.
