$BSW Biswap coin involves several key indicators and market trends based on recent data and market sentiments:
Price Trends:
As of the latest updates, the current price of Biswap is reported at around $0.06 to $0.07 USD, with a 24-hour trading volume of approximately $8.48 million USD. The price has shown fluctuations, with a recent increase of about 2.72% in the last 24 hours, but it is still down by around 28.80% over the last 7 days, indicating a bearish short-term trend.
Market Cap and Volume:
Biswap has a market capitalization ranging between $30.4 million to $34.42 million, positioning it at around the #697 to #783 spot in the overall cryptocurrency rankings by market cap. The trading volume has been significant, suggesting active trading but also highlighting volatility.
Moving Averages:
Over the last 30 days, Biswap had approximately 50% green days, indicating a mixed performance. The 200-day Simple Moving Average (SMA) for Biswap is forecasted to rise, suggesting potential for recovery or stabilization in the longer term. The 50-day SMA is also expected to increase, providing a somewhat bullish outlook for the near future. However, the 14-day Relative Strength Index (RSI) at 47.86 indicates a neutral market condition, suggesting neither overbought nor oversold conditions at the moment.
Support and Resistance:
Technical analysis from CoinCodex shows support levels for Biswap at $0.061769 to $0.067881 and resistance levels at $0.073993 to $0.080104, which traders might watch closely for potential breakout or breakdown points.
Oscillators and Indicators:
Oscillators like RSI and MACD provide additional insight; the RSI being in a neutral zone suggests that there might not be immediate signals for strong directional moves unless influenced by external factors or market news.
This analysis suggests that while Biswap has faced some bearish pressure recently, there are signs of stabilization or potential recovery in the technical indicators.
Not Financial Advice DYOR