WalletConnect Token/BNB Market Overview

• WCTBNB rose 26.7% over 24 hours, breaking above 0.00019 and forming bullish momentum.
• Key resistance levels at 0.0001909 and 0.0001935 were tested and briefly breached.
• Volatility surged in the final 6 hours, with a 5.3% move to 0.0002017.
• High-volume buying above 0.0001944 supported a potential reversal from prior consolidation.
• RSI and MACD signaled strong momentum, though no immediate overbought condition was reached.

WalletConnect Token/BNB (WCTBNB) opened at 0.0001848 on 2025-10-08 at 12:00 ET and closed at 0.0002017 on 2025-10-09 at 12:00 ET. The 24-hour high was 0.0002044 and the low was 0.0001848. Total traded volume was 19,969.7, with a notional turnover of 3.957 (calculated as volume × close).

The price action displayed a strong bullish breakout after consolidation below 0.00019. Key support levels held at 0.0001879 and 0.0001848, while resistance was tested at 0.0001909, 0.0001935, and 0.0001973. A strong bullish engulfing pattern occurred at 0.0001944–0.0001971, followed by a higher high at 0.0002044. A doji formed at 0.0001944–0.0001944, signaling indecision after the surge.

Moving Averages

On the 15-minute chart, the 20-period MA (0.0001902) and 50-period MA (0.0001895) were closely aligned, confirming bullish momentum. The price closed well above both, suggesting continued upside potential. On the daily chart, the 50/100/200 SMA were not available, but 15-minute data implied a strong move away from prior mean levels.

MACD & RSI

The MACD (12, 26, 9) showed a bullish crossover in the final 6 hours, with the histogram expanding from -0.0000004 to +0.0000009. RSI (14) rose from 32 to 68, indicating strong buying pressure but not yet overbought conditions (70+).

Bollinger Bands

Bollinger Bands (20, 2) showed a moderate expansion in the last 4 hours, with price breaking above the upper band. The midline was at 0.0001938, suggesting that the current move is well above the recent volatility range.

Volume & Turnover

Volume spiked from 168.5 to 3908.6 in the 14:45–14:45 ET hour, confirming the breakout above 0.0001973. Turnover aligned with the volume surge, with no significant divergence noted.

Fibonacci Retracements

Fibonacci levels on the 15-minute swing from 0.0001848 to 0.0001905 were at 0.0001876 (38.2%) and 0.0001897 (61.8%). Price held above 61.8% before surging higher, suggesting buyers controlled key retracement levels.

Backtest Hypothesis

The backtest strategy described focuses on breakout and reversal patterns on 15-minute candles, particularly bullish engulfing and doji formations, with stops set below key support levels and targets at 61.8% and 100% Fibonacci extensions. The recent surge in WCTBNB aligns with this approach, where a bullish engulfing pattern near 0.0001944 triggered a long entry, and a trailing stop just below 0.0001935 could protect gains. The strategy may benefit from combining RSI and MACD divergences to time entries more precisely.