WCT - BULLISHThe WCT/USDT pair is showing a strong bullish structure despite being a relatively new listing. After a period of consolidation within a descending wedge pattern, price action has successfully broken above the wedge resistance, indicating a potential reversal to the upside.
Key Technical Observations:
Breakout Confirmation: Price has closed above the descending trendlines (light and dark green), suggesting a trend reversal.
Support Level: $0.4239 – Price is currently retesting the breakout zone, acting as dynamic support.
Next Resistance Levels:
$0.5533 – Intermediate resistance aligned with the pink trendline.
$0.9973 – Major resistance zone.
$1.3510 – Ultimate bullish target area, highlighted with a red ellipse.
Measured Move Target: The technical projection suggests a potential 200% move from the breakout point towards the $1.35 region in the short to mid-term.
Market Sentiment:
Trading volume has started increasing, validating the breakout.
Bullish momentum indicators (e.g., RSI, MACD) are turning positive.
🚀 Short-Term Target: $0.9973
🎯 Mid-Term Target: $1.3510
This setup presents a high reward-to-risk opportunity for scalpers and swing traders alike, provided the $0.42 support holds.
Wct
Breaking: The Wallet Connect Token $WCT Got Listed On ExchangesWallet Connect a platfrom known to be a mediator or connector to crypto wallets like metamask, Trustwallet, Phantom, etc., got listed on Binance, Bybit, OKX, and so many major exchanges today.
The asset saw an 80% uptick in price prior data from Binance feeds. while presently down to $0.32, the 15-minute price chart depicts a symmetrical triangle pattern and a breakout above the ceiling could cement the grounds for a $1 move.
While sitting on a market cap of $58.86M, NASDAQ:WCT is well feasible to bridged the the $1 resistant zone. For now, all eyes are set on the breakout of the symmetrical triangle pattern.
With the asset testing weak hands, NASDAQ:WCT could be on a cusp of a breakout.
What is WalletConnect and the WalletConnect Token ( NASDAQ:WCT )?
The WalletConnect Network is the onchain UX ecosystem powering 150 million connections for over 23 million users across 600 wallets, 40K app projects, and all chains. It is the open and decentralized network that enables users to connect to apps onchain, designed for both utility and ownership without compromises. The WalletConnect Token (WCT) is integral to the WalletConnect Network — fueling the onchain UX ecosystem by empowering its community of users, apps, and wallets to contribute to a better onchain future through shared incentives. Launching on Optimism’s OP Mainnet, the token will employ Ethereum’s security and OP Mainnet’s speed.
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