LIGHT/USDT: Bitlight's 24% Glow-Up – BSC's Privacy Beacon or Fading Flicker?Bitlight Labs'
LIGHT (LIGHT/USDT) flickered 24% higher to $1.12 on PancakeSwap, with $21 million volume amid BSC's low-fee surge. This privacy-focused layer-2, tokenizing light-based ZK proofs for DeFi, boasts a $39 million cap and 43 million supply – but post-50% weekly dip, is the beam breaking through?
Ignition? Testnet v2 slashed proof times 70%, attracting 10K validators and Arkham-tracked whale buys of 5,000 tokens under $0.90. Chart's inverse H&S eyes $1.40 breakout, RSI 65 signaling momentum sans overheat. Yet, dominance at 45% warns of BTC tether – a $90K retest could dim to $0.80.
For chart chasers, this "breakout setup" is textbook: golden cross confirmed, volume delta positive $2M. Parallels to ZKSync's 2024 pump hint $2.50 if listings hit Binance. But hedge the shadow – 20% funding screams leverage risk. Stack on $1.00 weakness; LIGHT could illuminate your bags in privacy's dark web.
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