WalletConnect Token/BNB Market Overview: Bullish Breakout with Strong Momentum

• Price rose from 0.0002674 to 0.000274, showing a bullish bias.
• Momentum shifted with a strong move after 03:00 ET.
• Volatility remained compressed for most of the day before expanding.
• Volume surged during key upward breaks, confirming strength.
• A potential 61.8% Fibonacci level may cap near-term gains.

WCTBNB opened at 0.0002674 on 2025-09-25 at 12:00 ET and closed at 0.000274 by 12:00 ET the following day, hitting a high of 0.0002757 and a low of 0.0002643. Total volume amounted to 11,365.4 BNB, while notional turnover totaled approximately $3.13 at current BNB prices, assuming $200 BNB (note: actual dollar value would depend on real-time BNB price).

The price action showed a clear upward shift during the early morning hours of 2025-09-26, particularly from 03:00 to 05:00 ET, where volume surged with a breakout above prior resistance. A key engulfing pattern emerged during the 03:00 ET 15-minute candle, closing at 0.0002734 after opening at 0.0002707. This confirmed a reversal of bearish pressure. Support levels appeared at 0.0002643–0.0002647 and 0.0002678, while resistance levels emerged at 0.0002689, 0.0002696, and 0.0002734–0.000275. The price remained above the 20-period (15-min) moving average for most of the day, indicating bullish momentum.

RSI peaked near overbought territory (above 70) during the final push in the early morning, suggesting a potential pullback. MACD showed a bullish crossover, with the line rising above the signal line, reinforcing the upward thrust. Volatility, as measured by Bollinger Bands, remained relatively narrow for most of the 24-hour period, but expanded significantly between 03:00 and 06:00 ET, coinciding with the strong rally. The price closed near the upper band during this expansion, indicating heightened buying pressure.

Fibonacci retracement levels drawn from the swing low at 0.0002643 and swing high at 0.0002757 showed the 61.8% level at approximately 0.0002721. The price briefly tested this level during the 10:30 ET candle before continuing higher. A pullback to this level could offer a potential entry point for longs, provided volume confirms strength.

The backtest strategy focuses on confirming bullish reversals and measuring the strength of breakouts using a combination of RSI divergence, volume spikes, and MACD crossovers. The setup would look for an RSI divergence (bullish) from a key support level, followed by a volume spike as the price breaks above a prior resistance. The MACD crossover serves as a confirmation signal. The target would be the nearest Fibonacci extension level, while the stop loss would be placed just below the breakout support. This method aligns with the observed behavior in the 15-minute time frame on 2025-09-26, where the engulfing pattern and volume surge were both met with a strong follow-through in price.