WalletConnect Launches WCT Airdrop to Empower Users
WCT Airdrop Launch: The WalletConnect Network has launched the airdrop of its native utility token, Connect Token (WCT), aimed at empowering users and enhancing participation in the onchain environment while promoting decentralization.
Functions of WCT: The WCT will serve four key functions within the network: governance through fee proposals, rewards distribution for security, staking for earning rewards, and community voting on proposals to guide network development.
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Technical Analysis for WCT
Technical Sentiment Analysis for WalletConnect Token (WCT) As of , WalletConnect Token (WCT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WCT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WCT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
WalletConnect Token (WCT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0207 | 0.0344 | 0.0481 | 0.0618 | 0.0755 | 0.0892 | 0.103 |
| Fibonacci | 0.0344 | 0.0449 | 0.0514 | 0.0618 | 0.0723 | 0.0788 | 0.0892 |
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