Question 1

Why is WCT’s price down today? (05/12/2025)

Accepted Answer

## TLDR  
WalletConnect Token fell 4.62% in the last 24h, underperforming the broader crypto market (-2.39%). Key drivers include a major token unlock, bearish technical signals, and risk-off sentiment.

1. **Token Unlock Pressure** – 10M WCT ($11.6M) hit markets on Nov 25, increasing supply.  
2. **Technical Breakdown** – Price fell below critical Fibonacci and moving average levels.  
3. **Market Sentiment** – Crypto Fear & Greed Index at 25 ("Fear") suppressed altcoin demand.

## Deep Dive  
### 1. Token Unlock Sell Pressure (Bearish Impact)  
**Overview:**  
On November 25, 10.06M WCT (10.07% of supply) were unlocked, adding ~$11.6M in liquidity. This followed a 65.21% supply unlock on November 15 ([BlockBeats](https://www.weex.com/news/detail/this-weeks-unlock-data-overview-xpl-jup-wct-and-others-will-see-a-significant-one-time-token-unlock-238470)).

**What this means:**  
Unlocks often trigger sell-offs as early investors/take profits. WCT’s 30-day circulating supply surged 63%, creating sustained downward pressure.

**What to look out for:**  
Tracking exchange inflows post-unlock and staking activity (121.3M WCT staked as of June 2025 data).

### 2. Technical Weakness (Bearish Momentum)  
**Overview:**  
Price broke below the 50% Fibonacci retracement level ($0.129) and trades under all key moving averages (7-day SMA: $0.0969 vs. price: $0.0906). RSI at 33.52 signals oversold conditions but no reversal confirmation.

**What this means:**  
Bearish alignment of indicators (MACD histogram: -0.0013) suggests traders are exiting positions. Next support lies at the 78.6% Fib level ($0.1045).

### 3. Risk-Off Crypto Climate (Mixed Impact)  
**Overview:**  
Altcoins face headwinds with Bitcoin dominance at 58.55% and derivatives volume down 14% in 24h. WCT’s 24h volume plunged 50.8% to $22.4M, signaling low conviction.

**What this means:**  
Investors favor liquidity/safety (BTC, cash) amid macro uncertainty. WCT’s low turnover ratio (0.817) indicates thin markets prone to volatility.

## Conclusion  
WCT’s drop reflects a mix of project-specific dilution and sector-wide caution. The token faces technical and supply hurdles, but oversold conditions could attract contrarian bids if broader sentiment stabilizes. **Key watch:** Whether WCT holds the November swing low of $0.0859 – a breakdown here might accelerate losses.

Question 2

Why is WCT’s price up today? (04/12/2025)

Accepted Answer

## TLDR  
WalletConnect Token (WCT) rose **1.47%** over the past 24h, diverging from its 7-day (-16%) and 30-day (-20.4%) downtrends. Key drivers include technical rebounds, ecosystem updates, and market positioning.

1. **Technical Rebound (Mixed Impact)** – Oversold RSI and short-term buying pressure.  
2. **Ecosystem Growth (Bullish)** – Recent integrations and partnerships.  
3. **Market Sentiment Shift (Neutral)** – Altcoin rotation amid Bitcoin dominance.

## Deep Dive  
### 1. Technical Rebound (Mixed Impact)  
**Overview:** WCT’s RSI (14-day: 38.6) entered oversold territory, while its MACD histogram (-0.0015) hinted at slowing bearish momentum. The price rebounded from a swing low of $0.0859, testing resistance near the 7-day SMA ($0.0994).

**What this means:** Short-term traders likely capitalized on oversold conditions, though the 200-day SMA ($0.3037) remains a distant resistance. Sustained momentum would require closing above $0.152 (23.6% Fibonacci level).

**What to look out for:** A break above $0.10 could signal further upside, while failure risks retesting $0.0859.

### 2. Ecosystem Growth (Bullish Impact)  
**Overview:** WalletConnect expanded its institutional reach, partnering with the Global Dollar Network ([GDN](https://x.com/WalletConnect/status/1955630475667751256)) to enhance cross-chain stablecoin payments. Over 700 wallets and 70,000+ apps now rely on its infrastructure.

**What this means:** These integrations reinforce WCT’s utility as a connectivity layer for decentralized finance (DeFi) and TradFi bridges, driving long-term demand.

### 3. Market Sentiment Shift (Neutral Impact)  
**Overview:** The broader crypto market saw slight gains (+0.17% in 24h), with Bitcoin dominance dipping to 58.61%. Fear & Greed Index remains at 27 (Fear), but altcoins like WCT may benefit from rotational trading.

**What this means:** Low liquidity (turnover ratio: 1.59) amplifies volatility, making WCT susceptible to speculative moves despite weak macro sentiment.

## Conclusion  
WCT’s 24h rise reflects a blend of technical relief and strategic ecosystem progress, though longer-term bearish trends persist. **Key watch:** Can WCT hold above $0.095 amid ongoing token unlocks (e.g., 10M WCT unlocked on Nov 25)? Monitor volume spikes and SMA crossovers for directional cues.

Latest WalletConnect Token (WCT) Price Analysis

Why is WCT’s price down today? (05/12/2025)

TLDR

Deep Dive

1. Token Unlock Sell Pressure (Bearish Impact)

2. Technical Weakness (Bearish Momentum)

3. Risk-Off Crypto Climate (Mixed Impact)

Conclusion

Why is WCT’s price up today? (04/12/2025)

TLDR

Deep Dive

1. Technical Rebound (Mixed Impact)

2. Ecosystem Growth (Bullish Impact)

3. Market Sentiment Shift (Neutral Impact)

Conclusion

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