WhiteBIT Coin (WBT) jumps above $57, just 10% below ATH: check forecast

WhiteBIT Coin (WBT) has pushed back into the spotlight after climbing above the $57 level, placing it just about 10% below its all-time high of $64.11.

The move comes amid a period of unusual strength for the token, with price action showing clear independence from the broader crypto market, supported by both regulatory developments and strong trading activity.

Why is the price of WBT rising?

The main driver behind WBT’s recent rally is a major regulatory milestone tied to its ecosystem.

WHITE TECH, a core company within the W Group associated with WhiteBIT’s founder, has received authorisation from Croatia’s financial regulator HANFA to operate under the European Union’s Markets in Crypto-Assets (MiCA) framework.

This approval strengthens the ecosystem’s legal footing within the EU and is seen as a key step toward expanding regulated crypto services across Europe.

The market reaction was immediate. WBT rose 4.9% within hours, moving from the mid-$53 range to around $57.26.

Trading activity also surged, with 24-hour volume jumping nearly 97% to approximately $139 million, up from earlier averages of around $118 million.

Such a sharp increase in participation suggests the rally is backed by strong buyer conviction rather than thin liquidity.

Market structure shows controlled bullish momentum

From a technical perspective, WhiteBIT Coin continues to maintain a strong upward trend.

The token is trading above all major exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day indicators.

This alignment indicates that both short-term and long-term trends remain firmly bullish.

At the same time, the Relative Strength Index (RSI) stands near 61.93, placing it in neutral territory and suggesting the asset is not yet overbought.

WhiteBIT Coin (WBT) price forecast

Looking ahead, traders are watching a clearly defined technical range.

Immediate resistance lies at $58.93, followed by the key psychological level at $60.

A sustained breakout above these levels could push WBT into price discovery territory and bring its previous all-time high near $64 back into focus.

On the downside, initial support is seen at $55, with a stronger support zone around $54.58.

A sustained break below this range could open the door to a broader correction, with medium-term projections pointing to potential retracement levels around $42.24 and, in a more extended downside scenario, near $31.94.

For now, WBT remains in a structurally bullish position, supported by regulatory progress, strong trading volume, and a fully aligned moving average setup.

The next decisive move will depend on whether buyers can sustain momentum above resistance or if profit-taking emerges near the $60 level.

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