$WBTC /BTC pair is showing some interesting short-term volatility on the 15-minute chart. Currently trading at 0.9982, WBTC is slightly under its 1:1 peg with Bitcoin, reflecting a minor 0.08% dip.

Key Technical Insights:

Price Action: We’ve seen a recent recovery from the 0.9978 support level. A strong green candle has pushed the price back toward the 0.9983 mark.

Moving Averages: The price is currently fighting to hold above the MA(7) and MA(25), while the long-term MA(99) at 0.9985 acts as immediate resistance.

Volume Spike: There was a notable surge in volume during the latest upward move, suggesting some active buying pressure to restore the peg.

While these minor fluctuations are common for wrapped assets due to liquidity shifts, the tight range between 0.9978 and 0.9985 remains the zone to watch.

Would you like me to analyze the order book depth to see where the strongest buy and sell walls are located?

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