WCT on Binance Square: July 2025 Trading Trends
Hey #BinanceSquare community! Let's talk about WalletConnect Token ($WCT), the native utility token of the WalletConnect Network, and its recent trading trends on Binance.$
WCT ($WCT), the WalletConnect Network's utility token, is seeing mixed signals on Binance Square in July 2025.
Key Points:
Current Price: WCT is trading around $0.36 - $0.37 USD.
Recent Volatility: It surged post-Binance listing (April 2025) to $0.6314, then corrected. An all-time high of $1.34 was reached on May 31, 2025.
Fundamentals: WalletConnect is a crucial Web3 infrastructure, enabling secure wallet-dApp connections, with 15M+ monthly connections and over 240% network growth in the past year. WCT is used for staking, governance, and network incentives.
Technical Outlook:
Support: Key levels are $0.33-$0.35, with $0.30 as a potential accumulation zone.
Resistance: Immediate resistance is $0.38-$0.44, with MA200 around $0.44. A break above this, with volume, could signal an uptrend.
Indicators: RSI is neutral; some short-term bearish divergences noted.
Trading Strategies: Traders are considering aggressive long entries, swing trading confirmed breakouts, scalping ranges, and long-term accumulation on dips.
Roadmap & Outlook: WalletConnect aims for further decentralization in 2025 with on-chain governance, increased node operators, and "Link Mode" for simplified user interactions. The token's value is tied to the network's continued growth and adoption.
Disclaimer: Crypto markets are highly volatile. Conduct your own research and manage risk.
