WhiteBIT Coin (WBT) is currently trading at $56.4, reflecting a slight decrease of 0.49706% over the past 24 hours. The daily price action has remained within a narrow range of $56.21 to $57.18, indicating low volatility with a daily range of only 0.97%.

Trading volume stands at approximately $53.2 million, representing 0.44% of the market cap, which suggests moderate interest in WBT at its current price levels. The short-term moving averages show bearish sentiment, with the 8 SMA at $56.44 indicating a decline of 0.07%, while longer-term SMAs reflect deeper losses, especially the 144 SMA at $57.54 with a 1.99% drop.

The 1-hour RSI is at 41, suggesting that WBT is nearing oversold territory, while the 7-day RSI at 44 confirms a lack of bullish momentum in the short term. Over the last week, WBT has experienced a price drop of 2.25%, and the 14-day and 30-day changes of -10.14% and -1.13% respectively indicate a broader downtrend.

Given the all-time high of $64.11 reached in December 2025, the current price is approximately 12% below this level, which may present a potential for recovery if bullish sentiment returns. However, the recent price action and moving averages suggest continued selling pressure in the near term, with no significant indicators of a reversal.

In summary, the combination of bearish moving averages, low RSI levels, and negative price changes over multiple time frames points towards a continued downtrend for WBT. Based on the current technical indicators and market sentiment, a Sell rating is advised, as further declines could be expected if buying interest does not increase.