BSWUSDT is up over 12% in the last 24 hours, drawing fresh attention to Biswap, a DeFi token that’s been relatively quiet in recent weeks. With volume surging and RSI nearing overbought levels, traders are watching closely for signs of continuation or reversal.
📈 Technical Analysis
On the 4H chart, BSWUSDT is showing a short-term bullish trend.
- Support: $0.02245
- Resistance: $0.02641
- Pattern: Price has rebounded from the $0.022 zone, forming a potential breakout setup
- Volume: 30M volume confirms strong interest
- RSI: At 70.97, entering overbought territory
- MA(5) and MA(10): MA(5) > MA(10), confirming bullish momentum
Outlook: Bullish, but nearing resistance with caution advised
📰 Market Data & News
- Current Price: $0.02543
- 24h Change: +12.17%
- No major headlines, but DeFi sector rotation may be fueling interest
🔄 Scenario Breakdown
Bullish Case: A breakout above $0.02641 with volume could open the door to $0.028–$0.030
Bearish Case: Failure to hold above $0.025 and a drop below $0.02245 would suggest a false breakout and potential retracement
📊 Sentiment Meter
📈 Bullish Momentum – Strong breakout setup, rising volume
⚠️ Risk Level
🟡 Medium – Momentum is strong, but RSI is overheated and resistance is close
💬 What’s your play if BSW hits $0.028 or drops back to $0.022? Drop your strategy below 👇
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📊 Comment your bias: Bullish or Bearish?
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📢 Not financial advice. Always DYOR and manage your risk.