What is happening with BMT/USDT? Up +45% today!
Fundamental and technical analysis:
About the project:
Bubblemaps is an innovative visual auditing tool for DeFi and NFTs, backed by major players like Polygon, Avalanche, and BNB Chain. It facilitates on-chain data analysis by graphically showing connections between wallets, helping to detect accumulations or risks.
Key data of BMT:
Market capitalization: $40.85M
Fully diluted market cap: $137.35M
Circulating supply: 297M BMT
Total supply: 1B BMT
Market dominance: 0.0014%
Technical analysis:
Currently trading at $0.1353, with an impressive rebound of +45% in the last 24h.
The volume also exploded, reaching $222M, showing renewed interest in the project.
In the daily chart, it broke upward through the 7, 20, and 25-day EMAs, confirming a bullish crossover.
The MACD shows positive momentum.
First major resistance: $0.172 and recent high at $0.32.
What to watch now?
High volume and breaking past previous bearish structure suggest a possible new rally.
Pay attention to the level of $0.142 and then $0.17, where it could face selling.
It's ideal to consider taking partial profits at key areas.
BMT is in a very active phase. With the strength of the volume and the innovation of the project, it could be one of the infrastructure tokens to watch in the short term. Don't forget to manage your risk!
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