📉 WCT/USDT: Is the Rebound Gaining Steam?
WCT (WalletConnect Token) is attempting a recovery after a period of downward pressure. The token, which powers the essential Web3 connection infrastructure, is currently showing signs of localized strength.
📊 Technical Breakdown
* Current Price: $0.0765, showing a steady +5.08% gain.
* Support/Resistance: The price recently bounced off a local low of $0.0682. It is currently testing resistance near the EMA(99) at $0.0772, which has acted as a ceiling during recent sessions.
* Moving Averages: WCT has successfully climbed above the EMA(7) ($0.0735) and EMA(25) ($0.0740), signaling a short-term bullish flip.
* RSI(6): Currently at 73.80, moving into the Overbought zone. This suggests strong buying interest but warns that the price may need to consolidate before attempting to break the next major hurdle at $0.0866.
* Volume: 24h trading volume is relatively stable at 12.57M WCT ($917,829 USDT), indicating modest but consistent accumulation.
💡 Key Market Drivers
* Staking Incentives: WalletConnect recently distributed 1.9M WCT in Wave 2 staking rewards (Jan 20, 2026), targeting a 30% APY to encourage long-term holding and governance participation.
* Supply Dynamics: While Upbit recently adjusted the Q1 2026 supply upward by 8.2M tokens, the market appears to be absorbing this pre-planned liquidity without major panic.
📉 Levels to Watch
* Bullish Scenario: A decisive 4H candle close above $0.0775 (EMA 99) could trigger a run toward $0.086 - $0.090.
* Bearish Scenario: If it fails to break the EMA 99, look for a retest of the $0.073 support zone.
Summary: WCT is in a "make-or-break" zone. High staking yields are keeping holders engaged, but the heavy supply overhead requires strong volume to sustain this breakout. 🚀
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