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Wrapped Bitcoin (WBTC) Receives a Very Bearish Rating Friday: Is it Time to Jump Ship?

Friday, January 21, 2022 07:39 AM | InvestorsObserver Analysts
Wrapped Bitcoin (WBTC) Receives a Very Bearish Rating Friday: Is it Time to Jump Ship?

Wrapped Bitcoin (WBTC) gets a very bearish rating from InvestorsObserver Friday. The Wrapped Tokens asset is down 8.15% to $38586.25 while the broader crypto market is down 8.38%.

Sentiment Score - ,
Wrapped Bitcoin has a Very Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Wrapped Bitcoin!

Very Bearish

Over the last five days, Wrapped Bitcoin has earned a Very Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Wrapped Bitcoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Wrapped Bitcoin is currently trading at a five-day low. The Wrapped Tokens asset is 0.00% off of its five-day high of $43521.75.

Wrapped Bitcoin price is currently below support. With support set around $40775.79 and resistance at $43296.04, Wrapped Bitcoin is potentially in volatile territory as selling pushes the crypto's price below recent support.

Wrapped Bitcoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Wrapped Bitcoin

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