🚨 WalletConnect (WCT): between the rise and pressure on the horizon

WCT is currently showing a contradictory picture. On one hand, the technical indicators are sending positive signals: the MACD is in a bullish crossover, the RSI has risen to 65+, reflecting increasing buyer interest. On the other hand, the EMA is still in a bearish configuration, hinting at sustained pressure from above.

📌 Key drivers:— the confirmed retro airdrop has sparked community interest and increased engagement;— WalletConnect strengthens integrations, including the launch on Base, solidifying its status as a Web3 infrastructure standard and paving the way for institutional adoption;— the question of how the WCT token truly captures value from the use of the protocol is being discussed.

⚠️ Risks: The main challenge is the November unlock in 2025, which could double the circulating supply and create significant selling pressure. Combined with still bearish EMAs, this could limit short-term rise.

🎯 Conclusion: In the short term, WCT may gain momentum from the hype surrounding the airdrop and new integrations, but a long-term view requires consideration of the risk of large-scale unlocking and uncertainty with the tokenomics.