$WCT (WalletConnect Token) Trading Analysis

Technical Analysis Overview:

Moving Averages: WCT's price is above both the 50-day and 200-day moving averages, indicating a bullish trend.

Relative Strength Index (RSI): The RSI is at 68, nearing the overbought threshold of 70, suggesting a potential price correction in the near term.

MACD: The MACD line is above the signal line, reinforcing bullish momentum.

Bollinger Bands: The price is touching the upper Bollinger Band, indicating potential overbought conditions and a possible pullback.

Price Forecast:

Analysts predict WCT could reach up to $1.10 by the end of 2025, assuming current market conditions persist.

- However, given the RSI and Bollinger Bands, a short-term correction is possible before further upward movement.

Trading Considerations:

Short-Term: Watch for a potential pullback due to overbought indicators.

Long-Term: The overall trend remains bullish, with key levels to watch:

Support: $0.85

Resistance: $1.00

Trade $WCT here