Bless Network Surges to New Heights Amid Market Downturn
Bless Network (BLESS) soared to an all-time high of $0.1125 on Wednesday, October 15, despite the broader crypto market crash.
on Wednesday, Bless Network (BLESS) reached an all-time high of $0.1125, marking a 230% increase in just 24 hours. The token’s market cap surpassed $200 million, fueled by a 150% surge in 24-hour trading volume to $101 million.
The surge was triggered by a important double-bottom pattern at $0.0234, with key dates on October 1 and 10. The pattern’s neckline at $0.07535 was broken, pushing the price above its previous all-time high of $0.1070.
A double-bottom is a bullish indicator, suggesting that sellers are hesitant to push prices lower. However, such rapid gains often lead to profit-taking, which coudl cause a temporary pullback. If this occurs, the $0.07536 level will be crucial, as it could signal a bullish continuation.
Bless crypto price chart | Source: TradingView
The Binance Alpha competition may have contributed to Bless’s rise. This event, offering $2 million in rewards, includes AOP and STBL. Each Bless winner will receive 1,100 BLESS tokens.
Speculation about potential listings on major exchanges like Binance and Upbit has also fueled interest. Currently, Bless trades on PancakeSwap, Bitget, Gate, MEXC, and Kraken.
Developers recently unveiled a roadmap featuring GPU-ready nodes and fiat on-ramps.This plan aims to challenge Grass (GRASS), a dominant player in the industry.
