WhiteBIT (WBT) Battles $26 Support Ahead of Token Unlock: Can Bulls Reclaim $35 ATH?

The post WhiteBIT (WBT) Battles $26 Support Ahead of Token Unlock: Can Bulls Reclaim $35 ATH? appeared first on Coinpedia Fintech News

Key Highlights:

• WhiteBIT’s upcoming token unlock event is creating market anticipation, adding pressure and opportunity for bulls to reclaim higher ground.
• WBT is holding above the $27.5–28 support zone after retesting its long-term trendline, with price currently at $28.77.
• Whale activity remains strong, with large transactions recorded at $25–30 zones, confirming active institutional interest around key levels.
• On-chain data reveals that 87% of holders are in profit, reducing sell pressure, while recent volume spikes signal renewed accumulation.
• Bias remains bullish: a clean breakout above $31 could pave the way for a retest of $33–35 ATH within the next few weeks.

WhiteBIT (WBT) is showing renewed interest as it tests critical support ahead of its upcoming token unlock event, scheduled for May 13, 2025.

The unlock will release 39.49 million WBT tokens, worth approximately $1.16 billion, accounting for around 12.1% of the total supply and roughly 27.4% of the circulating market cap.

This significant event is expected to inject fresh liquidity and influence short-term volatility Currently Trading at $28.77 (+1.36% daily), with a $2.49 billion market cap and $27.59 million 24h volume (+66.93%), traders are watching closely to see if bulls can maintain momentum and reclaim the $35 ATH zone.

Technical Analysis: WhiteBIT Coin Mirrors Historical Rally Setup—Bullish Fractal in Play?

The WBT/USD chart shows a striking fractal pattern: the current rally is mimicking the same bullish channel structures seen during past surges (Rally 1 & Rally 2). Each of these historical runs was characterised by parallel channel climbs followed by strong breakouts—a pattern now repeating as WBT tests the $30 zone.

A long-term uptrend line starting from October’s $11.7 bottom continues to hold, reinforcing bullish momentum.

The Fibonacci retracement from the October low to December’s peak shows key reaction zones: price has respected the 0.236 and 0.382 levels during past pullbacks, and the current move is rebounding cleanly from the $27.5–28 support (near the trendline), exactly where Rally 2 found footing.

Crucially, WBT is now approaching the $30.5–31.5 resistance zone—the same region that capped previous rallies. If bulls break this cleanly, the next target is the ATH zone at $33–35, where strong resistance awaits.

On the downside, immediate support rests at $27.5–28, with deeper cushions at $25–26 and $21.5–22 (Fibonacci 0.5 zone).

Overall, the chart suggests momentum is building within a repeating bullish structure. A breakout above $31 could trigger a powerful move toward ATH levels, making this a critical juncture for traders to watch closely.

On-Chain Whale Moves: How Large Transactions Shaped the Rally

The large transaction data for WhiteBIT reveals key inflection points that align with price momentum shifts. Notably, on December 7, 2024, a spike of 7 large transactions coincided with the price touching around $25.10, marking a period of heightened accumulation just before a rally.

Similarly, on March 5, 2025, there were 4 large transactions when the price was $30.39, suggesting possible profit-taking or preemptive positioning near local highs. More recently, April 22, 2025 showed 2 significant transactions at $28.55, hinting at cautious re-entry or defensive positioning as the price approached critical support.

Interestingly, back on October 10, 2024, during the initial bull run, activity was minimal, indicating that whales joined more aggressively only as the rally matured. This pattern of sporadic but impactful whale activity reinforces the idea that institutional players are tactically engaging around key levels, and any upcoming surge in large transactions could act as a strong signal for traders to watch.

Volume surged to 726K WBT on April 22, 2025, signalling renewed demand. The In/Out of the Money metric shows 87.6% of holders are in profit, highlighting a healthy holder base with minimal forced selling risk.

On-chain strength supports the bullish technical picture: whales are positioning at key levels, volume is climbing, and the broad holder base remains confident. Traders should watch for a breakout above $31 to confirm the next push toward $35 ATH.

Holding the Line for the Next Breakout 

WhiteBIT is at a pivotal point both technically and fundamentally. The fractal rally pattern, combined with strong whale activity and high profitability among holders, suggests that the bulls are in control for now.

The upcoming token unlock on May 13 will be a critical test, if support at $26 holds and momentum picks up post-unlock, WBT has a clear path to retest and possibly break its $35 ATH.

However, failure to defend key support zones could trigger a deeper retrace, making the next few weeks essential to watch closely.