Breakdown Alert $WCT/USDT (4H) risks breaking $0.371 support. Short below $0.37, SL: $0.38, TP: $0.315/$0.285. Bearish if daily close confirms.
WCTUSDT trade ideas
Breaking: The Wallet Connect Token $WCT Got Listed On ExchangesWallet Connect a platfrom known to be a mediator or connector to crypto wallets like metamask, Trustwallet, Phantom, etc., got listed on Binance, Bybit, OKX, and so many major exchanges today.
The asset saw an 80% uptick in price prior data from Binance feeds. while presently down to $0.32, the 15-minute price chart depicts a symmetrical triangle pattern and a breakout above the ceiling could cement the grounds for a $1 move.
While sitting on a market cap of $58.86M, NASDAQ:WCT is well feasible to bridged the the $1 resistant zone. For now, all eyes are set on the breakout of the symmetrical triangle pattern.
With the asset testing weak hands, NASDAQ:WCT could be on a cusp of a breakout.
What is WalletConnect and the WalletConnect Token ( NASDAQ:WCT )?
The WalletConnect Network is the onchain UX ecosystem powering 150 million connections for over 23 million users across 600 wallets, 40K app projects, and all chains. It is the open and decentralized network that enables users to connect to apps onchain, designed for both utility and ownership without compromises. The WalletConnect Token (WCT) is integral to the WalletConnect Network — fueling the onchain UX ecosystem by empowering its community of users, apps, and wallets to contribute to a better onchain future through shared incentives. Launching on Optimism’s OP Mainnet, the token will employ Ethereum’s security and OP Mainnet’s speed.
$WCT LongAfter making my market analyse i get into a conclusion that WCT is sky rocket any time soon, this token was launched today around Wallet Team and has a lot of potencial
WalletConnect possible bounce upwardswe are currently sitting on support trend-line which must hold, possible bounce may occur. If you are green wicks enjoyer, then now might by good time to watch this one.
Not a financial advice, just a TA enthusiast talking nonsense on internet.
Trendline Bounce Potential $WCT/USDT (Daily) tests ascending trendline at $0.33. Buy at $0.335, SL: $0.32, TP: $0.36/$0.396. Bullish if volume rises.
Short-Term Scalp Opportunity $WCT/USDT (1H) rejected at $0.3489. Short at $0.345, SL: $0.355, TP: $0.32. Risk/Reward: ~1:1.5. Monitor for quick momentum shift.
Consolidation Breakout Watch $WCT/USDT (4H) at $0.335 with RSI <30. Buy on bullish candle, SL: $0.325, TP: $0.36/$0.38. Volume increase needed for confirmation.
Bearish Continuation Risk $WCT/USDT (4H) shows lower highs below 50-EMA ($0.38). Short at $0.355, SL: $0.365, TP: $0.315/$0.285. Bearish MACD crossover confirms.
Support Test – Buy the Dip? $WCT/USDT (1H) nears $0.3149 support. RSI at 35, MACD flattening. Buy at $0.315-$0.32, SL: $0.305, TP: $0.36. Volume spike could signal reversal.
Short Setup at Resistance Rejection $WCT/USDT (4H) faces rejection at $0.396 resistance, with RSI showing bearish divergence. Short entry at $0.38, SL: $0.405, TP: $0.335/$0.315. Risk/Reward: ~1:2. Watch for volume drop-off.
Descending Triangle – Breakout or Breakdown ImminentNASDAQ:WCT ’s daily chart reveals a descending triangle forming since the April 15 Gate.io listing, with resistance at $0.36 and support at $0.3149 (X post). The price is consolidating after a 27% surge post-listing, now trading at $0.4038 with a 24H volume of $342M (CoinGecko). The 50-EMA ($0.38) acts as dynamic resistance, while the 200-EMA ($0.33) offers support. Stochastic RSI is at 30, indicating potential oversold conditions, and a Bollinger Band squeeze suggests an imminent volatility spike. Sentiment is mixed, with some traders eyeing a breakout above $0.36 (X post).
Trade Setup:
Bullish Entry: Buy on a daily close above $0.36 with volume >$400M.
Bearish Entry: Short on a break below $0.3149 with confirmation (e.g., bearish candle).
Stop Loss: $0.375 (bullish), $0.335 (bearish).
Take Profit: $0.396/$0.448 (bullish), $0.285/$0.2756 (bearish).
Risk/Reward: ~1:2 (bullish), ~1:1.8 (bearish).
Key Levels:
Resistance: $0.36 (triangle upper trendline), $0.396.
Support: $0.3149, $0.285.
A breakout above $0.36 could target $0.448, driven by WalletConnect’s Web3 adoption (15M monthly connections). Conversely, a breakdown below $0.3149 may accelerate selling, especially if broader market sentiment sours. Monitor volume and BTC correlation.
Deadline: April 25, 2025 (7 days for triangle resolution).
Bearish Retracement Nearing Key Support – Reversal PotentialSince its Gate.io listing on April 15, 2025, NASDAQ:WCT surged to $0.6314 before retracing to $0.4038 by April 18 (CoinCarp). The 4H chart shows a descending staircase pattern with lower highs, indicating a bearish distribution phase (X post). The price is approaching a critical support zone at $0.371-$0.3149, aligning with the 0.618 Fibonacci retracement from the listing high. RSI (14) is at 42, nearing oversold, suggesting fading bearish momentum. MACD shows a bearish crossover but with converging lines, hinting at a potential reversal.
Trade Setup:
Entry: Buy at $0.315-$0.335 if price holds support with a bullish candle (e.g., hammer or engulfing).
Stop Loss: $0.305 (below 0.786 Fib).
Take Profit: $0.36 (first resistance), $0.396 (key resistance).
Risk/Reward: ~1:2.5 at first TP.
Key Levels:
Support: $0.3149 (major), $0.371 (minor).
Resistance: $0.396, $0.448.
A volume spike or RSI divergence at support could confirm a bounce. However, a break below $0.3149 risks further downside to $0.2756. Watch for increased buying pressure as NASDAQ:WCT ’s airdrop season (50M tokens allocated) may boost sentiment (Bitget).
Deadline: April 22, 2025 (4 days to confirm support hold or breakdown).
