$BSW is experiencing a strong upward wave, but caution is advised when buying at the peak due to the high RSI indicator.
This analysis is not financial advice; always do your own research.
Recent performance:
- Current price: 0.0289 USDT (up 51.31%)
- Daily peak: 0.0309 USDT (possible near breakout)
- Trading volume (24 hours): 440.62 million BSW (strong demand)
Technical indicators:
- Relative Strength Index RSI(6): 96.07 (overbought, potential correction risk)
- Positive MACD (0.0007) (strong upward momentum)
- Moving averages (MA7, MA25, MA99) indicate an upward trend
Key levels:
- Resistance: 0.0309 (breaking it may strengthen the rise)
- Support: 0.0289 then 0.0291
Recommendation:
- For traders: take advantage of the current momentum while being cautious of overbought conditions.
- For investors: wait for a correction towards 0.0289 or 0.0291 for a safe entry.
