Date: Thu, Sept 12, 2024, 05::21 PM GMT
In the cryptocurrency market today, Bigtime, a leading blockchain gaming platform, has been making waves with its native token, BIGTIME. Over the past 24 hours, BIGTIME has surged by an impressive 27%, reaching a price of $10.36, and boosting its market capitalization to $111 million.
The Breakout:
The recent price surge is largely attributed to a breakout from a symmetrical triangle pattern observed on the 4-hour chart. BIGTIME broke through resistance at the $0.83 level earlier today, propelling it to its current price of $0.1036. This breakout has sparked renewed bullish momentum, with the token now eyeing its next resistance level at $0.1090, approximately 8% higher from its current position.
Should the bulls maintain control and successfully push past this resistance, BIGTIME could potentially target $0.1157 and even $0.12454—representing a further 24% upside from its current level.
The current Relative Strength Index (RSI) stands at 83.91, indicating that the token is in overbought territory. However, the RSI-based Moving Average (MA) at 62.13 suggests there may still be room for upward movement if bullish sentiment continues to dominate.
What’s Next?
With momentum on its side, BIGTIME’s recent breakout has set the stage for potential further gains. However, traders should keep an eye on key resistance levels and be cautious of any potential pullbacks, especially given the high RSI. If the bulls can maintain their grip, BIGTIME could be in for a significant rally.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and involve significant risk.