While the broader crypto market trades in the red, BUILDon (B) is standing out as today’s top gainer. The meme coin built on the BNB Chain has climbed 4% in the past 24 hours, changing hands at $0.71 and inching closer to its record high of $0.74.
Traders Fuel BUILDon’s Momentum
Despite the wider sell-off, BUILDon’s daily chart shows bullish signals. The Relative Strength Index (RSI)—a momentum indicator that tracks whether an asset is overbought or oversold—currently sits at 65.34.
For context:
- An RSI above 70 often signals overbought conditions and potential pullbacks.
- Readings below 30 suggest oversold conditions and possible rebounds.
With BUILDon still under 70, traders see room for further upside before a correction kicks in. The steady rise in RSI suggests buyers remain confident in the short-term outlook.
Adding to that optimism, the Moving Average Convergence Divergence (MACD) indicator is also flashing bullish. BUILDon’s MACD line has crossed above the signal line, supported by expanding green histogram bars—a classic sign of increasing buying pressure.
Resistance Ahead: Will BUILDon Break $0.74?
If demand holds, BUILDon could retest its all-time high of $0.74. A decisive breakout may even push the token into uncharted territory.
However, traders are keeping a close eye on potential profit-taking at that resistance level. If sellers step in, the price could retrace toward the $0.58 support zone before stabilizing.
In a market dominated by red candles, BUILDon’s resilience is drawing attention. Strong technical indicators are backing the rally, but whether the meme coin can break past $0.74 or face rejection will depend on how long buyers can sustain the pressure.
