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$WCT rose 2.64% in the past 24 hours, driven by Binance’s Solana integration and bullish technical signals. Binance enabled WCT transfers on Solana, boosting accessibility and utility. Oversold RSI conditions triggered short-term buying interest. Airdrop optimism persists despite recent profit-taking. Deep Dive @WalletConnect #WalletConnect 1. Primary Catalyst: Binance’s Solana Integration Binance completed WCT integration on Solana on 10 July 2025, allowing deposits/withdrawals via Solana’s high-speed, low-fee network (Binance). This expanded WCT’s cross-chain utility, aligning with WalletConnect’s multi-chain strategy. Solana’s growing DeFi activity (e.g., Jupiter DEX) likely amplified demand for WCT as a connectivity token. 2. Technical Context: Oversold Rebound RSI14: Recovered from 35.1 (near oversold) to 39.63, signaling short-term momentum shift. MACD: Histogram (-0.0078) remains negative, but narrowing bearish divergence hints at stabilization. Price rebounded from $0.2827 (June 2025 low) to $0.297, testing the 7-day SMA at $0.3218. Conclusion WCT’s uptick reflects a mix of improved infrastructure (Solana integration) and technical recovery, though high circulating supply (18.6% of 1B total) and -18.5% weekly losses suggest caution. Will Solana’s ecosystem growth offset inflationary risks from future token unlocks?
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$TREE dropped 8.5% in 24h due to airdrop sell-offs, bearish derivatives sentiment, and failed technical rebound after its $500M TVL milestone. Airdrop unlocks triggered profit-taking from early recipients. Negative funding rates signaled short-term bearish bets. Failed cup-and-handle pattern at $0.60 resistance. Deep Dive @Treehouse Official #Treehouse 1. Primary Catalyst: Airdrop Sell Pressure TREE’s circulating supply surged to 156M tokens (15.6% of total) at its July 29 launch, with 12.5M tokens distributed via Binance’s HODLer airdrop (Binance). Recipients sold unlocked tokens post-listing, mirroring patterns seen with RCADE (-30%) and others. The token crashed 41% within 24h of its debut, setting a bearish tone. 2. Supporting Factors: Derivatives Sentiment Weighted funding rates turned negative on August 1, indicating traders paid to short TREE (Crypto.News). Open interest data (not provided) likely declined alongside the price, reflecting reduced bullish leverage. 3. Technical Context: Failed Rebound TREE rebounded 30% to $0.6068 on August 1 after hitting a weekly low of $0.4695, aligning with the 50% Fibonacci retracement level. The rally formed a cup-and-handle pattern, but rejection at $0.60 (July 30 swing high) invalidated bullish momentum. Current price ($0.446) sits 26% below this key level. 4. Market Dynamics: TVL Growth vs. Volatility While Treehouse’s TVL crossed $500M (up 185% since April), the milestone-driven rally was offset by macro headwinds: Crypto fear/greed index at 48 (neutral), down from 64 (greed) last week. Altcoin season index at 39, signaling muted risk appetite for newer tokens. Conclusion TREE’s drop reflects classic post-listing volatility amplified by negative sentiment in derivatives and profit-taking from airdrop beneficiaries. Watch for $0.4695 support holds and whether staking demand for its 50-75% APR vaults offsets sell pressure. Can TREE stabilize if its fixed-income utility attracts long-term holders despite short-term turbulence?
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Altcoins Golden Cross has finally happened. It's time to send alts to new highs🚀
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🗿 Satoshi's statue was not stolen... Someone literally chopped it off and threw it into the water nearby. lol 😂😂 someone got very frustrated with btc dump i guess 😞
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MY FRIEND NEW CAR 😂
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