$BSW
[Technical Analysis] BSW/USDT – Market Update
Current Price: $0.0465
24h Change: -15.61%
Volume: 372.94M BSW | 19.21M USDT
After a sharp 15.6% correction, BSW is trading near the support zone of $0.042 – $0.045. This area has historically shown buying interest, and a potential bounce could be in sight if volume sustains.
Key Levels to Watch:
Target 1 – $0.052: This is a short-term resistance and psychological barrier. A break above may confirm bullish momentum returning.
Target 2 – $0.061: A strong resistance level where sellers previously dominated. If BSW can close above this on the 4H or daily timeframe, it may open the way for further upside.
Target 3 – $0.070: A medium-term bullish target based on Fibonacci retracement and prior trendline resistance.
RSI is currently oversold on the 1H and 4H charts, suggesting a possible short-term rebound.
Strategy Suggestion: Monitor closely near $0.045 for potential reversal signs. Breakout traders may watch for volume confirmation above $0.052.
