The WHITE token has re-entered a familiar accumulation zone with a market cap of around $735.84 million, indicating a key support test.
Price Stability at Historical Support
The capitalization of the WHITE token has hovered around $735 million, closely aligning with a previously tested accumulation zone that played a significant role from April to late May.
Resistance Level and Short-Term Volatility
Current resistance is noted at around the $49.62 mark, while the price of WBT stands at approximately $49.00, reflecting a 1.3% decline over the last 24 hours.
Range Re-Entry Signals Key Market Reaction
The re-entry into the previously tested zone enhances the technical importance of price actions, with past recoveries from similar setups aligned with increased transaction activity.
The return of the WHITE token to the accumulation zone could signal a potential shift in market dynamics, warranting close attention to developments within this range.
