The price of WCT has been hovering around 0.33 USD for a long time. This prolonged consolidation is not merely a market fluctuation, but may be building momentum for the upcoming market trend.

Typically, assets that maintain stable prices over a long period often experience significant breakthroughs at a critical moment. From a technical analysis perspective, multiple short-term moving averages tend to converge, indicating that the chips are concentrating. If trading volume suddenly increases accompanied by a price rise, it may release a huge momentum that has been accumulated over the long term.

From the market sentiment perspective, the earlier panic selling has basically calmed down. Currently, investors are more inclined to buy at lower levels rather than chase highs, which indicates that market confidence is gradually recovering. As long as WCT can hold the support level of $0.32, the likelihood of breaking upwards will significantly increase.

Investors should closely monitor the trends of WCT, as potential investment opportunities may arise at any time. However, the cryptocurrency market carries high risks, and investors should carefully consider their decisions.

WCT is currently traded against USDT in the spot market. As the native token of the WalletConnect project, the performance of WCT may also be influenced by the development status of the project. Therefore, keeping an eye on the latest developments of the WalletConnect project is also an important reference factor for investment decisions.