WET Token Surges 45% After Listings on Upbit and Bithumb

The native token of the HumidiFi project, WET, surged by approximately 45% in one day following its listing on two major South Korean cryptocurrency exchanges, Upbit and Bithumb.

  • WET trading volume increased by about 180% within 24 hours.
  • Currently, WET is trading near $0.26, having reached an intraday high close to $0.28.

Key Details of the Exchange Listings

  • Both Upbit and Bithumb began trading WET on December 15 at 18:30 KST.
  • Upbit offers trading pairs against the Korean won, Bitcoin, and Tether, while Bithumb listed WET only in its KRW market.
  • Historically, new listings on Upbit result in short-term price rallies.

Price Analysis

  • WET's hourly chart shows a breakout from a range near $0.20, pushing above resistance around $0.20.
  • A resistance barrier exists at $0.30; breaking this with volume could lead to further price increases.
  • The RSI is above 70, indicating potential for a pause or pullback if buying slows.
  • Support levels are identified near $0.22 and $0.20. Falling below these could indicate consolidation.

WET short term price analysis | Source: TradingView

The next resistance zone is between $0.28 and $0.30. Staying above $0.24 may maintain investor optimism for future growth.