After integration on Solana via Binance and airdrop of 5 million WCT, the recovery in volume and user expansion is the main driver for the next price increase.
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1. Today's update
Current price around $0.32, down ~6.3% in 24h.
Strong 24h volume, around $35–42M (down ~6–7% compared to yesterday).
Market cap ~$60M, total tokens ~1 billion, circulating ~186 million (19%).
Sentiment 7-day increase ~7%, slight adjustment this week ~–6%, but still positive due to integration & airdrop.
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2. News & price drivers
🔹 Short-term catalysts
Binance completes integration $WCT on Solana (deposit/withdraw) – enhancing fast transfer capability, low fees.
Airdrop of 5 million WCT for Solana users (must follow wallets like Solana Mobile, Phantom…).
🔸 Long-term narratives
The multichain WalletConnect wallet connects over 15M monthly connections, increasing 240% in 12 months, operating on 300+ chains.
Backed by Binance, resonating with BNB burn policy, increasing trust and network effect.
Token use-case: used for staking, governance, reward; deployed across Ethereum, Optimism, Solana, expanding utility & demand.
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3. Technical analysis & scenario
Chart & MA/EMA: Current price around support level $0.32, touching the most recent weekly low.
Indicators: Neutral RSI; slight volume decline – indicating natural adjustment.
Pattern: Signs of consolidation before breakout if volume increases.
Support: ~$0.31–0.32; Resistance: around ~$0.34–0.35 (last week's peak).
Scenario:
✅ Maintaining support level → potential recovery up to ~$0.35 → retest support for the next breakout.
❌ Breaking ~$0.31 → retest ~$0.29–0.30, checking the established bottom.
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4. Proposed investment strategy
Short-term trader
Entry zone: $0.315–0.32 when price retests support or has volume increase > $40M.
Target: $0.345–0.35, SL below $0.31.
Medium – long-term holder
Accumulation: $0.31–0.32, based on multichain narrative + airdrop + WalletConnect ecosystem.
Long-term target: $0.40–0.50 with increased adoption (wallet connections, TVL).
SL: if it breaks $0.30, need to reassess the formation pattern.
⚠️ Not investment advice. DYOR & manage risks appropriately.
