$WCT
WalletConnect Token (WCT) currently acts as the fundamental plumbing for the decentralized web, though its recent market valuation reflects a grueling period of price discovery following its high-profile launch. As of early February 2026, the token is struggling to maintain its footing, trading near a critical support level of \$0.060 after a long-term descent from its peak of over \$1.30. While the protocol's utility remains undisputed—serving as the primary bridge between thousands of dApps and wallets—the price is being heavily suppressed by a series of aggressive token unlocks and early investor distributions. However, technical indicators suggest the asset is entering a "bottoming" phase, where the massive 30% staking yields are beginning to absorb sell-side pressure from fleeing speculators. For WCT to stage a significant reversal, it must reclaim the \$0.075 resistance level and prove that its transition to a fully decentralized node network can generate enough organic demand to offset its inflationary schedule.