$WCT Analysis + Next Move Prediction 🚨📈
$WCT (WalletConnect Token) is currently navigating through a high-volatility phase. The token is trading around $0.084, struggling with mixed signals as it balances fresh staking rewards against ongoing supply pressure. With a 24-hour volume of roughly $19M - $23M, the market is clearly undecided on its next big move. 🥊🔥
🔍 The Real Talk Analysis:
The chart shows $WCT is stuck in a bearish trend on short-term timeframes, trading below its 7-day and 30-day moving averages. While the recent "Wave 2" distribution of 1.9M WCT rewards for stakers is a positive utility boost, it also risks adding immediate sell pressure. Additionally, a recent supply revision has added millions of tokens to the circulation, creating a "ceiling" that buyers are struggling to break through. 📉⚠️
🔥🚀 THE NEXT MOVE PREDICTION 🚀🔥
• The Bullish Recovery: If #WCT can flip the $0.085 - $0.090 resistance into support, we could see a relief rally targeting $0.11 by the end of the month. A confirmed break above the 7-day SMA would be the first real sign of a momentum shift. 🚀⚡
• The Bearish Trap: On the downside, if the price fails to hold the $0.075 support level, expect a retest of the recent swing low near $0.069. Heavy token unlocks planned through 2026 could continue to weigh on the price if demand doesn't pick up. 📉🎯
• Bottom Line: Don't chase the noise. The RSI is currently neutral-to-bearish, so the safest play is to wait for a high-volume breakout or a solid bounce from the major support zones. 🛑🧠
