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- 🍁 Golden Autumn, Big Prizes Await!
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📊 Analysis of the WCT/USDT chart
The asset is currently trading in a descending channel ⬇️.
The price is squeezed between the descending trend line and the support zone $0.27–0.28 ⚖️.
The Ichimoku cloud and moving averages remain in the bearish zone 🐻.
Key resistances: $0.307–0.314 and above $0.343–0.347.
Support is held at $0.279 and $0.271 — a downward breakout will strengthen the pressure.
While the asset is consolidating at the lower boundary, the likelihood of testing $0.27 remains high.
⚡ Fundamental WalletConnect
Launched in 2018, the project is an open-source protocol 🔓.
Supports 600+ wallets and 65,000+ dApps, which gives 47.5M users 🌍.
Ensures a secure and encrypted connection between wallets and dApps 🔐.
$WCT token operates on Optimism and Solana ⚡, participates in staking and decentralized governance 🗳️.
Thanks to the chain-agnostic approach, WalletConnect has become a key element of the Web3 infrastructure 🌐.
🚀 Conclusion: technically, WCT is still under selling pressure, but fundamentally the protocol remains one of the pillars of Web3 connectivity. The $0.27 zone is critical—holding it may give a chance for a reversal to $0.31–0.34.