🧐 Why WCT’s Collapse Matters

The crash highlights a growing disconnect between underlying technology and market sentiment. WCT represents WalletConnect’s tokenized leap, granting governance and staking utility—but the price movement underscores that hype alone cannot sustain long-term value.

The team’s silence amid the crisis further dented trust, and the broader crypto market felt the ripple effects as sentiment soured across multiple altcoins .

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✅ Bottom Line & Outlook

Current Support: WCT must hold $0.50–$0.55 to prevent further collapse—breaking below could expose support near $0.20–$0.30.

Bull Case: A rebound likely depends on fresh ecosystem developments, such as staking, governance upgrades, or major partnerships.

Bear Case: Without renewed momentum or utility catalysts, prolonged volatility could persist.

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🔎 Quick Summary:

Metric Detail

🏁 Peak Price $1.38

📉 Lowest Value ~ $0.50

🔻 Decline Over 60% in high-volatility crash

⚠️ Key Technical Warning Head‑and‑Shoulders pattern forming

👀 Watch Levels Support at $0.50; bearish below $0.36

The WCT crash is a textbook case of how speculative momentum can implode—underscoring the importance of cautious risk management in crypto markets. Let me know if you'd like a chart analysis or recovery scenario projections.

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