WhiteBIT is about to break through the $35 mark! The token unlock on May 13 will ignite the market, and short-term volatility may present a great opportunity!

WhiteBIT (WBT) is testing key support levels, with the token unlock event on May 13 set to release 39.49 million WBT, worth approximately $1.16 billion, accounting for 12.1% of the total supply. This unlock could bring new liquidity and significantly impact short-term price fluctuations. The current WBT price is $28.77, with a market cap of $2.49 billion, and a 24-hour trading volume surge of 66.93%. Traders are closely watching whether the bulls can break through the resistance levels of $30.5-$31.5 and move towards the all-time high of $35.

From a technical perspective, WBT is exhibiting a bullish fractal pattern, and a breakout above $31 is expected to drive the price towards the challenge of $35. Whale trading is active, indicating that institutional investors are actively positioning themselves, and on-chain data further supports the upward trend.

The unlock on May 13 will be crucial; if the support levels hold, WBT is likely to retest the $35 high and welcome the next wave of increases. In the coming weeks, closely monitor the breakout situation, as the market is poised for more opportunities!