$WCT The price of the WalletConnect token (WCT) increased by approximately 2% intraday (reaching a high of $0.32) despite a net decrease of -0.23% in 24 hours, driven by a strategic partnership announcement and improved technical sentiment.
The partnership between Crossmint and Visa (June 29) highlighted the role of WalletConnect in the NFT wallet infrastructure.
Technical rebound from oversold conditions (RSI 40.4) and bullish MACD crossover.
Market rotation towards altcoins with real-world utility narratives.
Deep dive
1. Main catalyst: Integration of Crossmint and Visa
On June 29, Crossmint, a Web3 infrastructure company, partnered with Visa to launch a Wallet as a Service (WaaS) product for NFTs. The service leverages the WalletConnect protocol for wallet interoperability, directly linking WCT to enterprise-level blockchain adoption. This news triggered a 138% increase in WCT trading volume in 24 hours ($61.5 million), suggesting institutional interest in WalletConnect's role in the infrastructure.
2. Technical context: Oversold rebound
14-day RSI: 40.4 (approaching oversold territory).
MACD: Bullish crossover (histogram +0.0059) following a 50% price drop over 30 days.
The price bounced from the Fibonacci support of $0.2897 (78.6% retracement level), with intraday highs testing the 7-day EMA ($0.321).
Conclusion
WCT's intraday gains reflect optimism around its enterprise adoption through Crossmint/Visa, countering broader bearish trends. Sustained volume above $60 million and a breakout above the 30-day simple moving average (SMA) ($0.3968) are expected to confirm momentum.
What's next? Could WalletConnect's infrastructure role in driving Visa's NFT push boost long-term demand for WCT, or will macroeconomic difficulties limit the bullish potential?#wallettconect #StrategyBTCPurchase $BTC 
