$SWELL
SWELL/USDT Surges Over 25% in 24 Hours — What’s Fueling the Momentum?
The SWELL/USDT trading pair has seen a notable surge, climbing over 25% in the past 24 hours, reaching a high of $0.0109. This unexpected price jump has caught the attention of traders across Binance, especially after days of subdued price action.
SWELL, the native token of Swell Network—a liquid restaking protocol—has recently gained momentum possibly due to renewed interest in Ethereum restaking narratives and increased visibility on social media. Despite the strong daily performance, the token is still trading significantly below its all-time high of $0.0705, set in late 2024.
From a technical perspective, the recent bullish breakout could indicate a short-term reversal, with buyers showing strength at support levels around $0.0085. If volume continues to rise, SWELL might target the next resistance zone near $0.012–$0.014.
While it’s unclear whether this move marks a trend reversal or a temporary pump, one thing is certain—SWELL is back on traders’ radars. Keep an eye on volatility and risk management, especially in fast-moving markets like this.
