Market Update: $B2 Technical Outlook
I’ve been tracking the price action on BSquared Token $B2 and we are seeing some very interesting developments on the 1D timeframe. After a period of consolidation following the March lows around $0.66, the chart is starting to signal a shift in momentum.
The Technical Breakdown:
* Moving Average Convergence: We are currently seeing the price trade above the MA(7), MA(25), and MA(99).
The Sentiment: Bullish
The overall structure has shifted from a bearish downtrend into a classic accumulation phase. With the price successfully holding above the $0.74 level, the path of least resistance appears to be to the upside