WhiteBIT Coin (WBT) is currently priced at $44.09, experiencing a 24-hour decline of 2.53%. The daily price range has been relatively tight, with a high of $46.09 and a low matching the current price, indicating limited volatility in recent trading.

Volume over the last 24 hours stands at 134,237,953, equating to a Vol/Market Cap ratio of 2.11%, suggesting a low level of market activity relative to its overall capitalization. The short-term moving averages are trending downwards, with the 8 SMA at $45.18 (-2.40%) and the 13 SMA at $45.42 (-2.94%), reinforcing the bearish sentiment in the market.

The one-hour Relative Strength Index (RSI) is at a significantly low level of 18, indicating that WBT is oversold in the very short term. In contrast, the 7-day RSI at 44 indicates that while the asset is approaching oversold territory, it is not yet in extreme conditions.

From a price performance perspective, WBT has seen a 7-day decline of 5.51%, a 14-day decrease of 1.79%, and a 30-day drop of 10.26%, all contributing to a negative trend over these periods. The current price is also well below its all-time high of $52.27 reached on June 16, 2025, suggesting significant room for recovery but also a cautionary tale of the prevailing downtrend.

Given the bearish indicators across various time frames, along with the low RSI readings and downward momentum in moving averages, the immediate outlook for WBT appears weak. However, a potential for a reversal exists if buying volume increases and momentum shifts positively.

Rating: Hold. While the asset is oversold in the short term, the persistent downtrend and lack of immediate bullish signals suggest waiting for clearer signs of recovery before considering a buy.