$BSW has experienced a sharp decline of -10.648% in the last 24 hours.
The price fluctuated between 0.0218 and 0.0191, suggesting increased volatility.
Bollinger Bands indicate the upper resistance at 0.0217 and lower support at 0.0196.
With overall market sentiment in a downtrend, the selling pressure remains strong.
Current macroeconomic factors, like inflation concerns, continue to negatively influence the crypto market.
Bitcoin's influence appears undefined, indicating a potential decoupling in BSW’s movements.
Traders may consider a short-term approach due to recent price volatility and bearish momentum.
One key takeaway is that traders should remain cautious and closely monitor for potential rebounds or further declines.
