Binance Technical Analysis: $BSW

/USDT

Current Price: $0.081 (+5.47%)

Trend: Bullish Momentum

Targets 🎯:

1. Target 1: $0.086 - Resistance level from the 24h high. A breakout above this could signal further upward momentum.

2. Target 2: $0.090 - A critical psychological resistance, indicating strong bullish sentiment if reached.

3. Target 3: $0.095 - A potential rally zone, signaling an extended bullish trend.

Support Levels:

$0.0748 (24h low): Key support zone, ensuring stability if the market retraces.

Analysis:

BSW/USDT is showing strong buying interest with high trading volumes (BSW: 116.09M, USDT: $9.38M). If bulls maintain control, achieving the first two targets is likely. However, keep an eye on market sentiment and volume fluctuations.

Strategy:

Short-term traders: Monitor the $0.086 breakout.

Mid-term traders: Watch for consolidation near $0.090.

Long-term holders: Maintain positions with a focus on $0.095.