$BSW 's price has plummeted by 33.33% over the past 24 hours, indicating strong selling pressure.
The recent high of 0.0174 is now far from the low of 0.0083, highlighting heightened volatility.
Bollinger Bands show a constricted range, with the upper band at 0.0182 and lower at 0.0115, suggesting potential for further movement.
Currently, BSW is in a downtrend, exacerbated by macroeconomic uncertainties and recent regulatory news impacting sentiment.
Bitcoin's lack of correlation in this instance indicates BSW's movement is driven by specific market events rather than broader market trends.
Given the recent volatility, a short-term trading approach might serve better for those looking to capitalize on sharp price movements.
Key takeaway: Monitor upcoming news as it may trigger significant volatility, impacting BSW's price trajectory.
