📊 WCT (WalletConnect) Technical Analysis – 26 May 2025

WCT is showing strong bullish momentum post-listing, with increasing interest from both retail and institutional Web3 enthusiasts. Here's the latest breakdown:

🔹 Current Price: $0.6571

WCT has surged significantly from its initial lows, showing a well-formed uptrend channel on the 1H and 4H timeframes. The price recently broke above a key resistance level of $0.60, turning it into support.

🔹 Price Action:

After a breakout above the $0.60 psychological level, WCT is now attempting to establish support between $0.63–$0.65. Price is consolidating below a key resistance zone of $0.70, forming a potential bull flag, indicating a likely continuation.

🔹 Indicators:

RSI (14): Hovering around **65**, suggesting mild overbought conditions. A cooling period might precede the next move up.

MACD: Still in a bullish zone with strong histogram bars — momentum favors bulls.

Volume: Healthy volume on the breakout; consolidation volume tapering, suggesting preparation for the next leg.

🔹 Key Levels:

Support: $0.63 and $0.60

Resistance:$0.70 → Breakout above could send WCT towards $0.78 and even $0.85 in the near term.

🔹 Market Sentiment:

WalletConnect continues to be a critical infrastructure in the Web3 ecosystem. As utility tokens gain traction, investor interest in WCT is growing steadily. Social sentiment and volume suggest bullish bias remains.

🔹Outlook:

WCT is currently in a bullish continuation pattern. A clean breakout above $0.70 with strong volume could open room for rapid gains. However, traders should watch for fake-outs and protect profits with tight stop losses.

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📢 Disclaimer:

This post is for educational and informational purposes only. It does not constitute financial advice. Cryptocurrency markets are highly volatile. Always do your own research (DYOR) and consult a qualified advisor before making investment decisions.