### **WCT (Wavelet Token) – Wallet Connect Integration & Today's Price Behavior Analysis**
#### **🔻 Downfall Phase (Early Session)**
- **Possible Causes:**
- **Profit-Taking:** After a recent surge (+5.2% yesterday), traders likely cashed out near **$1.90 resistance**.
- **Broader Market Dip:** Bitcoin’s drop below **$68K** dragged altcoins down, including WCT.
- **Wallet Connect Issues?** If users faced connectivity problems during transactions, it may have triggered panic selling.
- **Price Reaction:**
- Dropped from **$1.85 → $1.70** (Approx **-8%**)
- Key support tested: **$1.70** (Critical level to hold).
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#### **🚀 Rise Phase (Recovery Later in the Day)**
- **Possible Reasons for Rebound:**
- **Wallet Connect Fix/Update:** If integration issues were resolved, confidence returned.
- **Strong Buy Orders at $1.70:** Traders saw dip as a buying opportunity.
- **BTC Stabilization:** Bitcoin’s bounce from **$67.5K** helped altcoins recover.
- **Price Reaction:**
- Rebounded from **$1.70 → $1.82** (Approx **+7%** from lows).
- Facing resistance again at **$1.85-$1.90**.
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### **🔍 Technical Analysis (Current Status)**
- **Support Levels:**
- **$1.75** (Minor support)
- **$1.70** (Must hold to avoid deeper correction).
- **Resistance Levels:**
- **$1.85** (Immediate hurdle)
- **$1.90** (Break = Rally to **$2.00**).
- **RSI (4H):** ~50 (Neutral – No extreme overbought/oversold).
- **Volume:** Higher sell volume earlier, but buy pressure returning.
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### **📌 Key Takeaways for Traders**
✅ **If WCT holds $1.75-1.70**, another push toward **$1.90+** is possible.
⚠️ **If $1.70 breaks**, next support at **$1.60** (Risk of deeper drop).
🚀 **Wallet Connect stability is crucial** – Any further disruptions could trigger volatility.
**Watch BTC & WCT’s reaction at $1.85!** Will it break or reject?
Need a deeper dive? Ask for more details! 🚀