$WCT
WalletConnect Token (WCT) is trading at roughly $0.56, coming down hard from its May 30 high of $1.39, a huge 59% drop. This steep sell-off, highlighted by a big red candle on May 31, signals a classic blow-off top, flipping the momentum from bullish to bearish.
Right now, WCT is clinging to its 25-day moving average around $0.6250, an important support zone. If this breaks, the next levels to watch are $0.40, matching the mid-May breakout, and $0.20, the token’s launch base. On the flip side, resistance is seen between $0.85 and $1.00. A clear break above that could turn things around for the bulls.
Technical signals are a bit of a mixed bag. The RSI is close to oversold, hinting at a possible short-term bounce to the $0.70–$0.75 zone. But unless WCT climbs back above $0.85 and stays there, the bigger trend is still down.
In short, WCT is at a critical pivot point. Traders should watch these support and resistance levels carefully, as a breakout in either direction could set the tone for the next move.