#WalletConnect @WalletConnect
WCT (WalletConnect token) is trading near $0.308, reflecting a 4% decrease from its recent highs. The technical trend remains bearish, with analysts expecting a potential drop to around $0.229 in the coming weeks. Most short-term indicators and moving averages suggest a downward trend, indicating continued selling pressure. The key support is at $0.289, while the resistance level ranges between $0.336 and $0.359 — breaking this range will be essential to shift momentum in favor of buyers.
Despite the short-term weakness, WCT retains fundamental strength through its role in the WalletConnect system, which supports over 600 wallets and 40,000 decentralized applications. Its utility in governance and storage continues to provide long-term significance. However, until price movement confirms a rebound or shift, the trend remains uncertain. Traders should closely monitor support areas for stability, while a clear move above the resistance level may indicate the start of a recovery. Caution is advised in the near term.