$WCT WalletConnect Token slipped 🔻0.91% in the last 24h sitting at \$0.285 and lagging behind the broader crypto market 📉

⚡ Key drivers:

* Post listing volatility – profit taking after Coinbase WCT/OP integration went live Aug 14 📊

* Technical weakness – price still under key MA (\$0.296 SMA) with bearish RSI at 42.47 📉

* Supply concerns – 81.4% of the 1B max supply still locked raising dilution fears despite new use cases ⏳

🔍 Deep dive:

1️⃣ Exchange listing sell off (bearish)

* WCT finished its Coinbase Optimism integration on Aug 14 ✅

* Roadmap hype pushed price up 11% to \$0.3649 but launch triggered “sell the news” reaction 📰➡️💰

* 24h volume hit \$36.65M (+6.77%) but sellers dominated keeping price under \$0.30 🚫💵

2️⃣ Technical breakdown (mixed)

* Lost support at \$0.293 and faces resistance at \$0.332 🔒

* Bearish signs: MACD at -0.0023 📉 RSI 42.47 (below July avg 51) ⚠️

* Watch for a close above \$0.296 to spark reversal 🔄

* If price stays below \$0.28 → risk of testing yearly low \$0.20 ⚡

3️⃣ **Supply overhang (bearish)**

* Only 18.6% of tokens circulating = big dilution risk ahead 🚨

* FDV at \$1.46B means price needs 27.5x to hold if all unlock 🔐

* Staking yields at 22% APY 🌱 but inflation fears remain 😬

* Solana airdrop of 5M WCT (Aug 11) added extra sell pressure 💨

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