#walletconnect $WCT
š Complete Analysis WCT/USDT ā Potential Reversal? Beware of False Breakout!
As of July 3, 2025, the price of WCT/USDT is $0.3197, experiencing a slight increase of +0.28% in the last 4 hours. Although it is still -0.40% daily, WCT has risen +5.03% over the week, indicating an effort to recover from pressure.
---
š§ 1. Price Structure and Trend
The 4-hour chart shows that WCT @WalletConnect is in a medium-term downtrend, evident from the series of consistent lower highs and lower lows. However, the price is currently showing signs of forming a base around the psychological support of $0.30.
The last candlestick indicates increased buying interest, evidenced by the long wick and the green close, signaling a rejection of lower prices.
---
š 2. Key Support & Resistance
Strong support: $0.3000 ā $0.3070
Minor resistance: $0.3300
Major resistance: $0.3400 ā $0.3450
Breakout area: $0.3600
If the price can break above $0.34 with high volume, WCT has a chance to reach $0.36ā$0.38, testing the previous consolidation area.
---
š 3. Volume & Sentiment
Volume remains quite stable, with 72.66 million WCT traded (vs 23.22 million USDT). This indicates that market interest is starting to grow, but it is not enough to push for a major rally.
Order book data shows a balance between buyers and sellers (bid 49.66% vs ask 50.34%). This indicates that the market is still in a wait-and-see mode, awaiting confirmation of the next direction.
---
š§© 4. Entry Strategy & Risk Management
ā Aggressive Entry: Enter long position when the price breaks and closes above $0.325ā$0.330 with high volume. Target: $0.345 and $0.36.
ā Conservative Entry: Wait for a valid breakout above $0.345 with a confirmation candle and support retest.
š» Stop loss: Below $0.305 (previous local low). @WalletConnect
