WhiteBIT Coin (WBT) Surges Despite Market Turmoil
Despite a gloomy crypto market, WhiteBIT Coin (WBT) has been on a winning streak. It reached a new high of $34.3 on June 13, defying the bearish trend caused by israel’s attack on Iran. as of now, WBT is trading at $33.67,with a market cap of $4.85 billion. It ranks 33rd among the top 100 cryptocurrencies.
While Bitcoin and other major altcoins saw losses between 5%-10%, WBT continued to gain. The reason? WhiteBIT announced a spot listing for the HOME token and added a HOME-PERP pair to its futures section. This attracted more traders and boosted volume.
Investors are also excited about a potential partnership with a European football club. On-chain data shows a 580% increase in daily active addresses, indicating more users are engaging with whitebit.
Santiment reported a significant rise in whale accumulation, suggesting large holders are buying WBT. This frequently enough indicates confidence in the token’s long-term potential.
On the 1-day USDT chart,WBT seems to be forming an ascending broadening wedge pattern. The Aroon Up indicator is at 92.86%, and the MACD lines are pointing upward, showing bullish momentum.
If this trend continues, WBT coudl reach $35. A breakout above this level could push it to $38, a 13% gain from current prices. However, if market risk sentiment weakens, the nearest support level is around $31.
For more insights,check out Santiment and crypto.news.
