$BSW strengthens around +63% Daily, Is Momentum Starting to Form?🤔
$BSW today recorded a significant spike with a daily increase of +63.75%, trading in the range of $0.0506 after hitting a daily high of $0.0600. From a 24-hour low of $0.0299, this coin has practically rebounded more than 100% in a short time.
Technically, this is quite a solid breakout. Short-term EMAs (13 & 21) have crossed up with strengthening volume, and the price has managed to break through EMA99 at $0.0366 as a medium-term dynamic resistance. This is an initial signal that a temporary reversal trend is beginning to form.
Momentum indicators are also aligned:
- MACD golden cross with a widening histogram
- RSI(6) has breached 80.9, entering overbought territory but no signs of divergence yet
- KDJ also shows potential continuation as long as the J line remains above the D line
Disclaimer: Not Promotion & Not Financial Advice
