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$WBTC /USDT Market Snapshot
📅 May 29, 2025 | 16:30 UTC
🔸 Current Price: $107,520.82
🔻 24h Change: -0.71% — slight correction after testing higher resistance levels.
🏷️ Token Type: Wrapped Bitcoin (WBTC) — 1:1 pegged to BTC, bringing Bitcoin liquidity to DeFi platforms.
🔍 Key Market Stats
🔼 24h High: $108,769.11
🔽 24h Low: $106,670.01
📊 24h Volume (WBTC): 83.91
💵 24h Volume (USDT): $9.04M
$WBTC is trading in a narrow range today after a recent high. The dip is modest and follows a broader Bitcoin market consolidation — typical before a breakout or deeper retracement.
📈 Order Book Highlights (Binance)
Resistance Zone:
🔹 $108,552 – $108,832
Sellers active just below the recent high.
Support Levels:
🔹 $107,428 – $106,670
Buyers are stepping in, defending the recent floor.
🧠 Technical Outlook
MA/EMA: Price is hovering near short-term averages — neutral trend.
MACD: Slight bearish divergence — caution for bulls.
RSI: Mid-range, suggesting indecision (likely ~50–55).
SAR & BOLL: Tightening range may hint at a breakout brewing.
🔮 What’s Next?
While WBTC is experiencing slight downside today, the overall structure remains resilient. If BTC gains strength, WBTC could retest $109K+. Conversely, a drop below $106.6K may lead to a deeper pullback toward $105K.
🔔 Watch for a breakout above $108.8K or a breakdown below $106.6K to gauge short-term direction.
#WBTC #Bitcoin #CryptoMarket #DeFiLiquidity #MyEOSTrade