【WCT/USDT Depth Overview｜How Far Can the WalletConnect Ecosystem Go?】
Brothers, today I saw WCT rise to the 0.67 level, just in time to share a few core observations I made for reference:
① Project Highlights
- WalletConnect is the "USB interface of Web3," currently connecting over 600 wallets and 40,000+ DApps, with total connection times exceeding 180 million. Only after the protocol truly decentralizes will WCT serve as both fuel and governance.
- Launched on April 15 via Binance Launchpool, it provided 5 trading pairs on the first day and can also stake BNB / FDUSD / USDC for mining, with significant official support.
- Circulating supply is only 186 million, accounting for 18.6% of the total, with the supply side currently tight; combined with Learn-to-Earn and Square rewards, multiple heat sources are overlapping.
② Funding & On-chain
- 24h volume / market cap ≈ 1.3, active turnover; Dune dashboard shows that the number of staking addresses is continuously increasing, with early annualized rewards around 18%, indicating high locking willingness.
- In addition to Binance, platforms like MEXC have also launched to support airdrop activities, dispersing short-term selling pressure.
③ Technical Analysis
- The daily line started from 0.20, peaked at 0.782, and after a pullback to MA25 (around 0.50), is currently making a second upward attack, with moving averages in a bullish arrangement.
- Key levels: Resistance at 0.70-0.75 (previous high + round number); support at 0.60 (be cautious of acceleration if it breaks), further down is 0.55/MA25.
- MACD dual line golden cross, volume moderately increasing, the possibility of the trend continuing upwards is greater than a significant reversal.
④ Operational Thoughts (for learning purposes only, not investment advice)
● Trend Following: Accumulate in batches at 0.64-0.66, stop loss at 0.59, target 0.73/0.85, leverage ≤ 3X.
● Buy on Pullback: Position in spot or 2X leverage at 0.55-0.58, stop loss at 0.50, target 0.70-0.80.
● Aggressive Breakthrough: Chase after stabilizing above 0.75 with volume, stop loss at 0.70, target 0.90/1.10, leverage ≤ 4X.
If you think WCT can break through 1 USDT, hit 1, if you want to see it pull back to 0.55 first before going up, hit 2.
