BMT Rises on Binance Listing, EOS Faces Uncertainty

The Most Important Points in Brief
BMT and EOS are showing strong upward movement in the short term. While EOS has a larger market capitalization, BMT remains more volatile due to its smaller size. Especially BMT could rise again after a brief correction. EOS, on the other hand, may come under pressure in the long run despite recent price gains.
BMT: Strong Rally After Binance Listing
The Bubblemaps (BMT) token, based on the Solana blockchain, recorded a price increase of 124% on March 18. This coincided with its listing on Binance. After reaching a peak of $0.325, the price dropped by 31.8%. This development suggests a “sell the news” event, where investors take profits after strong price gains.
Despite the correction, the upward trend remains intact. Demand for BMT could push the price higher again after a brief consolidation. Support levels can be determined using Fibonacci retracement levels.
EOS: Strong in the Short Term, Uncertain in the Long Term
EOS gained 37.87% within 24 hours, reaching a high of $0.67. Despite its short-term strength, longer-term charts show a different perspective.
On the 2-hour chart, EOS remains above the neutral 50 mark of the Relative Strength Index (RSI). The On-Balance Volume (OBV) does not indicate strong sell-offs, suggesting possible stabilization. However, the recovery could prove deceptive.
Long-Term Outlook: BMT with Potential, EOS Under Pressure
While BMT has further upside potential after a brief correction, EOS shows a bearish structure on the 1-day chart. The recent increase may have been merely a short-term liquidity grab. If EOS stays below $0.647, the price could continue to decline. A sustained increase would only be likely with a closing price above this level.
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Our Assessment
BMT remains volatile due to its small market capitalization but could continue to rise after the correction. EOS shows short-term strength, but the long-term downward trend remains dominant. Investors should be cautious with EOS and wait for clear signals of a trend reversal.