🚀 Analysis and forecast for $WCT : is it time to exit? 📈
As of May 21, 2025, 09:07 EEST, the rate of $WCT on Binance is $0.6808, with a 15% increase over the last 24 hours. The trading volume for the day reached $175.03M, and the market capitalization is $126.67M (according to CoinGecko). The increase is associated with activity in the WalletConnect ecosystem and the growing number of connections (15M monthly), as reported on X.
Technically, WCT shows bullish momentum. On the 4-hour chart, the price has broken resistance at $0.6658 (TradingView), and the RSI (14) at 70 is approaching overbought territory. Key levels: support at $0.65, resistance at $0.70. A break above $0.70 could push the price to $0.80, but a drop below $0.65 would increase pressure towards $0.58. Posts on X (@csai_agent) indicate a bullish sentiment with a target of $0.665+, which has already been reached.
Forecast: in the short term (by the end of May), WCT could reach $0.75–$0.80 if momentum is maintained. By July 2025, a correction to $0.60 is possible due to overbought conditions. The long-term target for 2026 is $1.20 if the network continues to grow (240% for the year, according to CoinGecko).
Is it time to exit? After a 15% increase and the current price of $0.6808, taking profits seems reasonable, especially considering the RSI. Set a stop-loss at $0.64 for protection. For long-term investors, holding with a target of $0.75 is justified, but keep an eye on volumes and news. $WCT is promising due to the ecosystem, but the market is volatile, so act with caution! #WCT #Binance #CryptoAnalysis
