Currently, the WalletConnect token (WCT) is trading around $0.54 USD, having experienced a significant drop from its all-time high of $1.39 USD reached on May 30, 2025.
📉 Recent WCT Price Analysis
• Recent Drop: In recent days, WCT has lost approximately 60% of its value from its peak, with a 42% drop in just two days.
• High Sales Volume: During this drop, significant sales volume was observed, especially on the Upbit platform, indicating a possible mass exit of investors.
• Critical Support: Currently, the price is near its 25-day moving average at $0.6250, a key level that, if lost, could indicate a continuation of the bearish trend.
🔮 Short-Term Predictions
• This week (until June 8, 2025): WCT is expected to fluctuate between $0.576972 and $0.422077, with a possible decrease of -26.85% if it reaches the lowest anticipated value.
• Next week (until June 15, 2025): Projections indicate a range between $0.422077 and $0.458292, suggesting a slight recovery if the highest estimated value is reached.
⚠️ Considerations for Investors
• High Volatility: The recent drop and sales volume indicate high volatility and possible uncertainty in the market.
• Risk of Continued Downtrend: If the price fails to stay above key levels like the 25-day moving average, it may continue its descent.
• Strategy Review: It is advisable for investors to review their strategies and consider setting stop-loss levels to mitigate possible additional losses.
