$WCT

As of June 5, 2025, Wallet Connect Token ($WCT) is trading against Tether (USDT) on Binance at approximately $0.4487, reflecting a decrease of 8.64% from the previous close. Key Market Data:24-Hour Range: $0.4487 – $0.4945

24-Hour Trading Volume: Approximately $164 million

Market Capitalization: Approximately $83.6 million

Circulating Supply: 186.2 million $WCT

All-Time High: $1.39 (May 30, 2025)

All-Time Low: $0.20 (April 15, 2025)

Technical Overview: After reaching its all-time high of $1.39 on May 30, WCT has experienced a significant correction, currently trading around $0.4487. This represents a decline of approximately 67.7% from its peak. The recent price action suggests increased volatility, with a 24-hour trading range between $0.4487 and $0.4945. Trading Strategy: Please note that trading cryptocurrencies involves significant risk, and it's essential to conduct your own research or consult with a financial advisor before making trading decisions. Long Position (Buy): Entry Point: $0.4500

Take Profit (TP): $0.5000

Stop Loss (SL): $0.4300

Short Position (Sell): Entry Point: $0.4400

Take Profit (TP): $0.4000

Stop Loss (SL): $0.4600

Risk Management:Risk/Reward Ratio: Aim for a ratio of at least 1:2 to ensure that potential profits outweigh potential losses.

Position Sizing: Determine the amount to invest based on your risk tolerance and the size of your trading account.

Diversification: Avoid allocating all your capital to a single trade or asset.

Market Sentiment: The recent decline in WCT's price indicates a bearish sentiment in the short term. However, the token's fundamentals and previous performance suggest potential for recovery. Monitoring market news, project developments, and broader cryptocurrency market trends will be crucial in assessing future price movements.