{"id":16214,"date":"2025-11-19T08:53:08","date_gmt":"2025-11-19T08:53:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-whitebits-wbt-soared-over-20-today\/"},"modified":"2025-11-19T08:53:13","modified_gmt":"2025-11-19T08:53:13","slug":"heres-why-whitebits-wbt-soared-over-20-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-whitebits-wbt-soared-over-20-today\/","title":{"rendered":"Here\u2019s why WhiteBIT\u2019s WBT soared over 20% today"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">WBT hit a new all-time high of $62.96 on Tuesday after news broke that WhiteBIT will be entering Saudi Arabia through a strategic partnership with a local holding company to accelerate blockchain innovation and digital asset adoption in the region.<\/p>\n<div id=\"cn-block-summary-block_337d241e05f86e75a6c28c83e6a9b284\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>WBT price is up over 20% in the past 24 hours.<\/li>\n<li>WhiteBIT exchange has partnered with Durrah AlFodah to enter Saudi Arabia and foster blockchain adoption.<\/li>\n<li>A bullish flag pattern has formed on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, WhiteBIT Coin (WBT) shot up over 20% to an intraday and all-time high of $62.96 on Nov. 18 before settling at $60.11 at press time.\u00a0<\/p>\n<p>At this price, the native token of the European crypto exchange WhiteBIT was up over 45% from its October low and 150% from its lowest point this year. The token currently ranks as the 13th largest cryptocurrency with a market cap of over $12.9 billion.<\/p>\n<p>The main catalyst that drove its gains recently is news of its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/WhiteBit\/status\/1990823565575229715\" target=\"_blank\" rel=\"nofollow\">partnership<\/a> with Durrah AlFodah, a major investment company based in Saudi Arabia and represented by Prince Naif bin Abdullah bin Saud bin Abdulaziz Al Saud.<\/p>\n<p>Per the collaboration, the companies will focus on tokenizing the stock market, developing a Central Bank Digital Currency framework, and creating national data computing and mining centers that support the Gulf nation\u2019s long-term goals to transform it into a global leader in digital finance, data infrastructure, and next-generation technology innovation, as part of Saudi Arabia\u2019s Vision 2030 agenda.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Investors are excited as the partnership will enable WhiteBIT\u2019s market entry into the region, which has a growing demand for digital finance infrastructure. The collaboration also envisions the formation of a joint venture company to manage and scale these initiatives across public and private sectors.<\/p>\n<p>Major developments such as these bode well for WhiteBIT\u2019s long-term expansion and, as such, could serve as a launchpad for greater institutional adoption and stronger global positioning in the digital asset space.<\/p>\n<h1 class=\"wp-block-heading\">WBT price analysis<\/h1>\n<p>On the daily chart, WBT price has formed a bullish flag pattern that began developing in late October this year. Historically, such patterns, marked by a strong flagpole followed by a consolidation channel, have served as precursors to continued upside over the short term.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">WBT price has formed a bullish flag on the daily chart \u2014 Nov. 19 | Source: crypto.news <\/figcaption><\/figure>\n<p>Momentum indicators were also pointing to a bullish bias at press time. The 20-day Simple Moving Average has formed a bullish crossover above the 50-day one, as buyers continue to dominate price action.<\/p>\n<p>On top of that, the Supertrend indicator flashed a buy signal as it crossed below the price level, a signal that traders typically interpret as confirmation of a bullish trend continuation.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/11\/1763542388_672_Heres-why-WhiteBITs-WBT-soared-over-20-today.webp.webp\" alt=\"WBT Supertrend and RSI chart.\" class=\"wp-image-14435359\"><figcaption class=\"wp-element-caption\">WBT Supertrend and RSI chart \u2014 Nov. 19 | Source: crypto.news<\/figcaption><\/figure>\n<p>Hence, WBT price would most likely rally to the $70\u2013$80 range if bullish momentum remains intact, especially if broader market sentiment improves. However, it could face some hiccups along the way owing to an overheated RSI reading at press time.<\/p>\n<p>A drop below $51.5, which aligns with the 78.6% Fibonacci retracement level, would invalidate the bullish setup and potentially trigger a deeper pullback.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WBT hit a new all-time high of $62.96 on Tuesday after news broke that WhiteBIT will be entering Saudi Arabia through a strategic partnership with a local holding company to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16214"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16214\/revisions"}],"predecessor-version":[{"id":16215,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16214\/revisions\/16215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3920"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}