Here’s why the Bless crypto price pumped 230% today
The post Here’s why the Bless crypto price pumped 230% today appeared on BitcoinEthereumNews.com.
Bless crypto price went parabolic and reached its all-time high on Wednesday, Oct. 15, even as the crypto market crashed after forming a double-bottom pattern. Summary Bless hit an all-time high at $0.1125 on $101M volume; market cap topped $200M. Breakout followed a double-bottom; after a parabolic move, a $0.07536 break-and-retest would keep the bullish structure intact. Catalysts include Binance Alpha , listing speculation, and a roadmap with GPU-ready nodes and fiat on-ramps. Bless Network (BLESS) jumped to a record high of $0.1125, up by over 230% in the last 24 hours. It has now jumped by over 390% from its lowest point this week. Bless jumped in a high-volume environment, with the 24-hour volume soaring by 150% to $101 million. Its surge brought the total market capitalization to more than $200 million. Bless crypto price surged after forming a bullish pattern The main reason why the Bless Network token jumped is that it formed a giant double-bottom pattern at $0.0234. Its double-bottom point was the lowest swing on Oct. 1 and 10. This pattern’s neckline is at $0.97535, its highest level on Oct. 6. It has now jumped above this neckline and even crossed the all-time high of $0.1070. A double-bottom is one of the most bullish patterns in technical analysis because it signals that bears are afraid of shorting below the low point at $0.0234. Still, in most cases, such a parabolic move is followed by a reversal as investors book profits. If this happens, the next point to watch will be at $0.07536. Such a move will be a break-and-retest pattern, which is a bullish continuation sign. Bless crypto price chart | Source: TradingView Bless Network is soaring as Binance Alpha competition continues One potential catalyst for the ongoing Bless crypto price surge is the ongoing Binance…
