$WCT 🔍 Technical Analysis
The Utility: WCT powers the backbone of Web3 connections. If you've ever scanned a QR code to link your mobile wallet to a laptop, you’ve used WalletConnect. 🌐✨
The Struggle: The token has taken a significant hit since its All-Time High of $1.34. It’s currently down over 95% from those peaks, likely due to massive early-investor unlocks and a "sell-the-news" event after the initial launch. 📉📉
The Hope: Analysts are watching for a breakout above the $0.08 resistance level. There is a "falling wedge" pattern on the daily charts, which often signals a potential reversal if the broader crypto market stays bullish. 🐂🚀
Risk Factor: With a large portion of the 1 billion total supply still locked, future "token dumps" are a constant concern for holders. ⚠️🔑
#USNFPBlowout #USRetailSalesMissForecast #USTechFundFlows #WhaleDeRiskETH #GoldSilverRally
