BIGTIME Bear Alert: Huge Unsettled Contracts Indicate Downward Risk
From a technical chart perspective, BIGTIME is clearly hindered below the key resistance cloud on the 4-hour level, with a weak rebound. The price shows signs of fatigue after consolidation, which is often a signal that a downward trend may continue.
On-chain data provides crucial support for this bearish view: Unsettled contracts on Bybit surged by $2.17 million, while Binance's trading volume also showed significant increase. This indicates that a large amount of new capital is entering the derivatives market, possibly positioning for a price decline.
Execution Strategy: The main target is set at 0.02240. If the price rebounds and breaks through 0.02490, this bearish view will be invalidated.
WLD
0.593
+0.33%
SOLUSDT
Perp
132.36
-4.24%
BIGTIMEUSDT
Perp
0.02243
-2.39%
