$WBTC Price Update: Consolidation Phase as Bulls and Bears Battle
The WBTC pair is showing slight upward movement, trading around $76,266 with a 0.69% increase. Here’s what to watch:
• Moving Averages: The price is hovering around the 7-hour MA at $76,303, acting as short-term resistance, while the 25-hour MA at $76,121 provides immediate support.
• Volume Trends: Low trading volume suggests a consolidation phase, indicating that traders may be waiting for a clear direction.
• Support and Resistance Levels: The 24-hour high of $77,090 acts as a resistance level, while $75,542 offers strong support.
If WBTC can break above $77,000 with increased volume, it may signal a bullish continuation. Conversely, a drop below $75,500 could hint at further downside pressure. Keep an eye on volume changes for potential breakout signals.#DogeArmyComeBack
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