WhiteBIT Coin (WBT) is currently trading at $56.18, experiencing a slight decline of 1.05% over the past 24 hours. The daily price range has been relatively narrow, with a high of $57.71 and a low of $55.83, indicating a volatility of 1.88%.

Trading volume stands at approximately $239.52 million, corresponding to a market cap volume ratio of 1.99%. The moving averages are bearish across the shorter time frames, with the 8 SMA, 13 SMA, and 21 SMA all showing negative trends, while the 55 SMA indicates a more pronounced decline of 3.08%.

The 1-hour RSI is currently at 31, suggesting that WBT is oversold in the short term, which could indicate a potential for a bounce-back. Conversely, the 7-day RSI is at 53, reflecting neutral momentum over the week, while a notable increase in price of 34.40% over the past 30 days suggests a robust long-term upward trend.

The all-time high for WBT is $62.96, reached on November 18, 2025. Currently, WBT is positioned about 10.75% below its all-time high, which indicates room for recovery if market conditions stabilize.

Considering the current data, WBT exhibits oversold conditions in the short term, but the downward trend in the moving averages raises concerns about immediate price action. Given the volume and overall technical indicators, the recommendation is to Hold, as the potential for a price correction exists, but long-term trends remain positive.