$WBETH WBETH
Bearish Trend: WBETH has decreased by about 12% weekly to $3.085, trading below the major EMAs and confirming a strong short-term bearish trend.
Technical Weakness: A negative MACD (-27.20) signals bearish momentum, while the RSI at 40 approaches oversold levels, suggesting a possible consolidation.
Mixed Capital Flows: The hourly net outflows show selling pressure, although the daily data reveals large-scale accumulation, amidst a general market sentiment of "Fear."
Staking Opportunities: Binance offers enhanced staking with an APR of up to 2.6% and reward pools, providing underlying fundamental value to holders.
Technical Drop of WBETH
Price at $3.085 (-3.44% 24h), below the major EMAs.
MACD is bearish, but the RSI (40) approaches oversold.
Key support is at the Bollinger Band at $2.994.
News on Staking & Market Correction
Although recent news highlighted a price spike following new integrations for staking, the market subsequently corrected.
This aligns with the general cautious market sentiment, currently in a state of "Fear."
Earn Rewards with WBETH
Simple Earn: Stake WBETH for an estimated APR of up to 2.6%.
ETH Staking Event: Participate to share a reward pool of $100,000 in CYBER and WBETH.
Key Levels to Watch
Watch for a possible bounce at the support level of around $2.994.
Resistance is near the central Bollinger Band at $3.098.
