$WCT Technical Revival or Bullish Momentum Trap?

WalletConnect Token (WCT) shows a +2.72% growth over the day, amid a combination of local technical rebound, strategic initiatives from exchanges, and market optimism.

Bounce from support at $0.311 after reaching a low of $0.31.

MACD shows positive divergence (+0.0045), hinting at a possible transition to a growth phase.

RSI remains in the 38–41 zone — there is room for growth.

Key resistance — 10-day SMA at $0.323, which the price has already tested.

Binance's liquidity program has activated market makers and trading, even despite a 30% drop in volume to $35.9M.

The drop in BTC dominance from 65.12% to 64.72% opens a window for altcoins, including WCT.

Fear and Greed Index — 49, indicating a neutral market sentiment without excessive emotions.

Airdrops on Solana (Jupiter) and OKX stimulate demand: 5 million and 6.5 million WCT respectively. Updates to the WalletConnect platform add confidence in the token's fundamental value.

Conclusion

WCT has gained new momentum, but it is worth considering: -72% over the month and FDV $442M against a market capitalization of $59M — this is a reason for cautious optimism, not euphoria. #CryptoAnalytics #WalletConnect