Recently, the technical aspects of WCT ( WalletConnect Token ) have shown some signals worth following. The price has repeatedly found support in the range of 0.285 to 0.29, indicating a certain level of resistance to fall. At the same time, the RSI ( has rebounded after hitting the bottom, and the MACD ) has started to converge. A golden cross pattern may soon form on the daily chart. More notably, despite the low Trading Volume, the price remains stable, which is often interpreted as market makers controlling the market data, rather than a chaotic dumping in the market.

From a fundamental perspective, WalletConnect, as a connection protocol, is having its core value reassessed by the market. In the current cycle where users are gradually returning and the application ecosystem may experience explosive growth, infrastructure projects like WalletConnect are likely to become the focus of capital interest. Although the overall market is still in a wait-and-see state, some forward-looking investors may have already begun to quietly position themselves.

It is worth noting that while a convergence of technical indicators may signal potential rebound opportunities, investors still need to cautiously assess market risks. In the cryptocurrency market, technical analysis is only one aspect of decision-making; macroeconomic conditions, industry development trends, and the progress of the projects themselves are also important factors.

How will the future trend of WCT unfold? Will it rebound as indicated by the technical analysis, or will it continue to consolidate in the current range? The answers to these questions may gradually become clear in the upcoming market performance. In any case, for investors focused on the development of the WalletConnect ecosystem, closely monitoring the application expansion of its underlying protocol and user growth may be more valuable in the long term than simply tracking price movements.