🚀 $WCT /USDT – MARKET ANALYSIS & TRADING OUTLOOK 🚀
Market Overview:
#WCT has recently seen a sharp pullback of -2.76%, currently hovering around the $0.3520 zone. Sellers have managed to push the price down from the recent high of $0.4200, testing short-term support levels.
Technical Insights:
Support Zone: $0.3400 – $0.3520 is acting as a crucial near-term floor.
Resistance Levels: Immediate barriers at $0.3600 and $0.3800, with a stronger ceiling at $0.4000.
Momentum: Short-term sentiment is slightly bearish, but holding above $0.3400 could spark a rebound.
Forecast:
If buyers defend the $0.3400 support zone and volume picks up, $WCT could aim for a recovery towards $0.3800 and potentially retest $0.4000. However, a breakdown below $0.3400 may open the path to $0.3200 and $0.3000.
Trading Overview:
Bullish Scenario: Watch for bullish candlestick patterns near $0.3400 to catch a bounce.
Bearish Scenario: A confirmed break below $0.3400 could signal further downside.
About WalletConnect ($WCT):
WalletConnect is a leading Web3 connectivity protocol that allows users to securely connect decentralized applications (dApps) with their crypto wallets across multiple chains. The $WCT token powers its ecosystem, enabling governance, staking, and incentivizing network participants. Its chain-agnostic design ensures seamless interoperability, making it an essential infrastructure layer for the decentralized internet.