🔥 WHY WCT TOKEN PRICE UP TODAY ?
WalletConnect Token's 0.67% price gain in 24 hours aligns with technical momentum and exchange-driven liquidity, despite broader crypto market weakness.
Technical breakout signals suggest bullish momentum
Binance’s Solana integration (July 10) enhanced accessibility
Airdrop-driven activity from July 14 claim event
Deep Dive
1. Technical Context
RSI-7 at 71.89 (approaching overbought) signals recent buying pressure
MACD bullish crossover: Histogram at +0.0094 shows accelerating upside momentum
Price holds above $0.365–$0.368 support, with Fibonacci resistance at $0.382–$0.385
2. Market Dynamics
122.5% surge in 24h volume ($169M) coincides with Binance’s Solana network integration for WCT deposits/withdrawals (Binance)
5M WCT airdrop to Solana users (July 14) created sustained trading activity, with an extra 2M tokens added mid-event (WalletConnect)
2.51 turnover ratio indicates high liquidity, reducing slippage for traders
Conclusion
WCT’s modest gain reflects technical momentum and residual airdrop engagement, though the broader altcoin weakness (-11.9% Altcoin Season Index) caps upside. Will WCT’s Solana integration drive sustained demand as staking incentives evolve?
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