WhiteBIT Coin (WBT) is currently priced at $57.10, reflecting a 24-hour decline of 2.61%. The daily price range has been constrained within $2.09%, with a high of $58.95 and a low of $56.86, indicating a market under pressure with limited upward momentum.

Trading volume stands at approximately $85.7 million, representing 0.70% of the market cap, suggesting that while interest remains relatively stable, it is not particularly strong. The short-term moving averages indicate a bearish trend, with the 8-hour SMA at $57.46 showing a decrease of 0.63%, and progressively deeper losses observed in the longer moving averages, highlighting a potential loss of buying strength.

The 1-hour RSI is at 31, which indicates the asset is nearing oversold territory, but the 7-day RSI of 51 suggests neutral momentum. Despite a modest recovery over the past 14 days, where the price increased by 1.24%, the longer-term trend shows a significant decline of approximately 6.82% over the last 30 days, raising concerns about sustained downward pressure.

Considering the current price is approximately 11% below its all-time high of $64.11, achieved on December 10, 2025, WBT is still facing challenges in reclaiming its previous highs. The technical indicators, particularly the moving averages and RSI, suggest a lack of bullish momentum, which may hinder immediate recovery prospects.

Given these technical and fundamental analyses, the recommendation is to Hold WBT. The asset currently exhibits bearish tendencies but is approaching oversold conditions, indicating potential for a short-term rebound; however, caution is advised due to the prevailing downtrend and recent price performance.