$WBETH /USDT Analysis: Downward Trend Amidst Market Unease

As we step into October, WBETH/USDT has been sliding down, marking a 5.4% drop to $2,458.35. The day's trading showed a bearish trend with the price dropping below its moving averages—MA(7) at $2,463.52 and MA(25) at $2,494.80, signaling potential further declines.

Despite this, the market's volume has seen an increase, suggesting that traders are actively engaging, possibly looking for short positions or bracing for a rebound at the support level of $2,422.49.

With the RSI near the oversold territory, traders should watch for a potential bounce as WBETH tests critical support levels.

Keep a close eye on market news and sentiment shifts, which could drive rapid price movements.

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