๐จ BEDROCK ($BR ): A 995% PUMP IN A YEAR โ BUT WHATโS HAPPENING RIGHT NOW?
$BR has once again come into focus after a wild surge.
๐ +995% over 1 year
๐ฐ 24h volume: ~$185M
๐ฅ Price: ~$1.19
โ ๏ธ RSI(6): 84 | RSI(12): 79.5 | RSI(24): 75.9
But thereโs a catch.
๐ฅ On September 20, BR experienced an unlock of ~40.63 million tokens โ about 18.68% of the unlocked supply. Such an influx of supply can create serious pressure on the price.
And the market has already started getting people liquidated:
โ ๏ธ ~$660K in BR liquidations in 24h
๐ด Shorts: ~$365K
๐ข Longs: ~$295K
On the chart, we now have the classic situation after a vertical move: price is far from its previous base, RSI is overbought, and volumes are huge.
The key question is no longer โCan BR go up?โ
The question is: how much liquidity is sitting above and below the current price? ๐
If buyers keep absorbing sell orders after the unlock, volatility may remain extreme.
But if unloading begins โ after a pump like this, the move down could be just as sharp.
BR right now isnโt a coin to sleep on. Itโs a coin to watch liquidations. โ๏ธ
#BR #Bedrock #Crypto #Binance #Futures #Liquidations #Altcoins #Trading $BR
$BR has once again come into focus after a wild surge.
๐ +995% over 1 year
๐ฐ 24h volume: ~$185M
๐ฅ Price: ~$1.19
โ ๏ธ RSI(6): 84 | RSI(12): 79.5 | RSI(24): 75.9
But thereโs a catch.
๐ฅ On September 20, BR experienced an unlock of ~40.63 million tokens โ about 18.68% of the unlocked supply. Such an influx of supply can create serious pressure on the price.
And the market has already started getting people liquidated:
โ ๏ธ ~$660K in BR liquidations in 24h
๐ด Shorts: ~$365K
๐ข Longs: ~$295K
On the chart, we now have the classic situation after a vertical move: price is far from its previous base, RSI is overbought, and volumes are huge.
The key question is no longer โCan BR go up?โ
The question is: how much liquidity is sitting above and below the current price? ๐
If buyers keep absorbing sell orders after the unlock, volatility may remain extreme.
But if unloading begins โ after a pump like this, the move down could be just as sharp.
BR right now isnโt a coin to sleep on. Itโs a coin to watch liquidations. โ๏ธ
#BR #Bedrock #Crypto #Binance #Futures #Liquidations #Altcoins #Trading $BR