Whitebit Coin (WBT) strikes a new ATH after a monthly increase of 70 %: What is providing the gathering?

TL; D

• WBT reached a new historical peak after Whitebit signed another prominent partnership deal in the sports sector.
• Despite the assembly, the relative strength indicator of the original above 93 indicates excessive conditions in the extreme peak, indicating that the potential price correction may be just around the corner.

The impressive ascension

There are many known cryptocurrencies that increased their prices last month, but a few surpassed the gains published by Whitebit Coin (WBT).

The asset evaluation jumped by more than 70 % during this time frame, as it recently reached the highest level at about $ 52.30 (according to CONINGKO data) before restoring a little bit to its current value of $ 51.50. The market value of WBT approached $ 7.5 billion, toncoin (TON) and Shiba Inu (SHIB) to become a 21 larger coded currency in the entire sector.

WBT is also the best performance digital assets (one of the best 100 ClubToday (June 16), a registration of an increase on 30 %. Huge green candle It was possible Arose Through the latest WhiteBit care deal in the world of football.

The Exchange has announced a new global partnership with the most successful football club in Italy – Juventus, which will start displaying the Whitebit logo on its official shirt.

In 2022, the headquarters of the platform is located in Lithuania ink Another prominent agreement with FC Barcelona, ​​becoming its official partner for exchange in the encrypted currency. The deal also included handball in Barcelona, ​​basketball, cylinder hockey and FUTSAL teams.

Another factor that can explain the high price of WBT last month, which is the increasing attention from big investors. Near the end of May, the Santiment encryption platform open The original distinctive symbol of this house was among the 10 best encrypted currencies, as it witnessed the highest height of whale activity.

Beware of a sudden drop

Although the WBT pump is undoubtedly impressive, investors who want to jump on the cart must monitor the RSI’s relative index (RSI), indicating that the withdrawal may be possible.

According to To one X user, the WBT ratio is the highest of the best 1000 cryptocurrencies and currently stands at more than 93.

These high levels usually indicate that the price of the distinctive symbol has increased significantly over a short period. Development suggests that WBT has probably entered into the peak purchase area and can Be ready For an imminent correction. On the contrary, anything less than 30 is a bullish element.