📊 Detailed $BSW /USD 1D Chart Analysis 🚀
The $BSW /USD pair is currently priced at $0.0544 on this Binance 1D chart, showing a significant 24.77% gain (+$0.0108) over the past day. The price moved from a 24h low of $0.0436 to a high of $0.0557, reflecting strong bullish momentum. Trading volume is impressive, with 274.25M BSW tokens traded, amounting to 13.11M USD in the last 24 hours. 📅
The candlestick pattern reveals a sharp uptrend starting around late April. BSW had been trading in a range between $0.02 and $0.03 for most of early May, with low volatility. A breakout occurred around May 1st, driving the price to a peak near $0.06, followed by a brief consolidation between $0.04 and $0.05. Today’s green candle marks another push upward, testing resistance around $0.055-$0.057. If the price falls, support might be found near $0.05, with stronger support around $0.04, based on recent consolidation levels. 📈
The Volume SMA shows a massive spike during the late April breakout, with elevated activity persisting through early May. Today’s volume, while lower than the peak, remains significant, indicating continued buying interest. However, the sharp rise and subsequent consolidation could signal a potential pullback if momentum fades, especially with the price nearing the previous high of $0.06. 📉