WETH testing the low, might see a bounce

Saw $WETH making a decent move down today, currently hovering around the $1.07 mark, after touching $0.98 earlier. It's been a pretty significant drop, -6.96% on the day. Looking at the daily chart, that $0.98 area looks like a previous support level from late last week. If it holds, we might see a bit of a bounce from here as buyers step in, especially if the broader crypto market stabilizes a bit.

The risk to that idea, of course, is if $WETH closes significantly below that $0.98 level on the daily. That would suggest the support isn't holding and we could be in for further downside action. Always tricky with these volatile assets, but keeping an eye on that floor.