🚨WalletConnect Token (WCT) — Warning Ahead!🚨
Analysis:
$WCT is losing momentum fast. After weak support near $0.42, it’s likely to test $0.36 and below very soon.
Volume drying up, no major catalysts ahead, and price action turning bearish.
About the Project:
WalletConnect is a crucial Web3 infrastructure player — enabling wallets and dApps to communicate securely. But despite its real utility, the token $WCT is struggling due to:
• Low demand for token use cases
• No clear incentives for holding/staking
• Competing infrastructures like MetaMask Snaps, Web3Auth, and others catching up fast
Short-Term Outlook:
Expect a further drop to sub-$0.36 levels unless buyers step in quickly.
Avoid long entries for now — let the dip settle.