WhiteBIT Coin (WBT) is currently priced at $50.28, reflecting a 3.02% decline over the last 24 hours. The daily trading range has been relatively narrow, with a high of $52.45 and a low of $50.27, indicating a stable but bearish market sentiment.

Volume has reached approximately 100 million, equating to a volume-to-market cap ratio of 0.93%, suggesting moderate trading activity. The hourly moving averages indicate a downward trend, with the 8 SMA at $51.49, the 13 SMA at $51.63, and the 21 SMA at $51.71 all showing negative percentages, reinforcing bearish momentum.

The short-term RSI is at 26, signaling that WBT is currently in oversold territory, which may indicate a potential price rebound. However, the 7-day RSI of 48 shows that momentum is still below the neutral level, suggesting continued weakness in the near term.

From a longer-term perspective, WBT has experienced a 7-day price change of -3.23%, a 14-day change of -7.41%, and a 30-day change of -9.56%. This consistent downtrend raises concerns about potential support levels being tested in the coming days.

With an all-time high of $64.11 reached in December 2025, the current price is approximately 21.5% lower than its peak, indicating significant downward pressure. The overall technical indicators and recent performance trends suggest that WBT may continue to struggle in the short term.

Based on the current analysis, a Hold rating is recommended. While the oversold conditions might lead to a short-term rebound, the overall bearish trend and negative price changes indicate that investors should remain cautious before considering new positions.