$WCT
WalletConnect Token (WCT) is presently valued at around $0.654, marking a 4.18% increase over the last day. Following its peak price of $4.46 in March 2025 and a subsequent low of $0.281 in April 2025, WCT has displayed considerable market fluctuations.
From a technical perspective, WCT is now situated close to a critical support area near $0.40. If this level were to be breached, it could potentially pave the way for a decline toward $0.35 or even $0.30. On the flip side, the nearest resistance zones are seen at $0.45 and $0.55, with a stronger barrier identified between $0.60 and $0.65, reflected in the latest candlestick formations.
The Relative Strength Index (RSI) sits at about 65, suggesting WCT is nearing overbought levels and might soon experience a brief consolidation phase. Additionally, the Moving Average Convergence Divergence (MACD) has recently moved above its signal line, indicating that bullish momentum may be gathering.
Given this outlook, traders should consider adopting a careful stance. As long as the price remains above $0.40, short-term buying opportunities could emerge. However, if the support level breaks, it may be wise to reassess positions. In this environment, focusing on short-term trades rather than long-term holding strategies appears more favorable.