WalletConnect Token (WCT):@WalletConnect

🔍 Price & Market Overview

#WalletConnect

Current Price: ~$0.296 (USD), trading within a narrow intraday range of roughly $0.29–$0.31

24‑Hour Change: Slight dip (~ –2 %) after a recent minor recovery

Market Cap & Supply: Circulating supply ≈186 M WCT; market cap ≈ $55 M; max supply 1 B WCT

📉 Technical & On‑Chain Analysis

Short-Term Momentum: Trading in a tight band between ~$0.304–$0.315 — this could set the stage for a breakout (bullish above $0.315) or breakdown below $0.304

Mid-Term Structure: Following a failed attempt to break above $0.60, WCT is consolidating between $0.30 and $0.60. A decisive move beyond $0.60—with strong volume—might reignite an uptrend toward $1+; conversely, dropping below $0.30 could test the cycle low near $0.28

Technical Indicators: TradingView leans “Neutral to Buy” on oscillators, with mixed or neutral moving average signals

Derivative Metrics: Open interest in futures is steady, volume slightly down (~ –7 %), while funding rates remain modest—hinting at balanced long/short sentiment

🌐 On‑Chain & Token Dynamics

Circulation: Only ~18.6 % of total supply is circulating; upcoming unlocks (~2.5 M WCT in ~18 days) could exert downward pressure as holders gain liquidity

Utility & Ecosystem: WCT underpins the WalletConnect Network, enabling wallet‑to‑dApp connectivity across chains (including Ethereum, Solana, Optimism), and supports governance and staking within the network

🎯 Key Trading Levels

Scenario Level Strategy

Bullish Breakout > $0.315 Long targeting $0.34–$0.36+

Bearish Breakdown < $0.304 Short or wait for dip-buy near $0.30

Mid-Term Bullish Pivot > $0.60 Resumption toward $1+

Mid-Term Bearish Risk < $0.30 Potential drop to $0.28

Support lies near $0.30, with crucial resistance around $0.315 short-term and $0.55–$0.60 mid-term .

Disclaimer: This analysis isn’t financial advice—make sure to consider your own risk .

$WCT