BUILDon has shown early signs of renewed bullish momentum after bouncing from the demand zone between $0.095 and $0.14. Derivatives and spot-market activity indicate stronger buyer participation. Short liquidations reached $11.3K in the last 24 hours, roughly double the long liquidations, as bears faced pressure. Spot volume surged 70% to $5.14 million, with a market cap of $159 million. Long positions dominated open interest, holding about 60% on both hourly and daily timeframes. The token trades at $0.154, below its 20-day EMA near $0.163. A decisive close above that level could expose the $0.20 resistance zone, while failure may send it back to the demand zone.
BUILDon has been exhibiting early signs of renewed bullish momentum after bouncing from the demand zone between $0.095 and $0.14. At press time, derivatives and spot-market activity pointed to stronger buyer participation.
According to Coinglass, short liquidations across the BUILDon network reached $11.3K in the last 24 hours. This figure was roughly two times the amount of long liquidations, indicating that bears’ positions were being pressured by bulls.
The network’s spot market activity has also been picking up. Its 24-hour spot volume surged by 70% to $5.14 million, while the token’s market cap hit $159 million.
The altcoin’s bullish case was reinforced by its long/short positioning. On the 1-hour timeframe, long positions constituted 60.08% whereas shorts made up 39.92%. The ratio on the 1-day timeframe was similar, with longs at 59.54%.
On the daily chart, BUILDon was trading at around $0.154 at press time, below its 20-day EMA near $0.163. The moving average remains the immediate technical hurdle for buyers to take control.
A decisive daily close above this level could strengthen the recovery and expose higher resistance around the $0.20-zone. On the contrary, a failure to reclaim the 20-day EMA could send the altcoin back towards the $0.14-$0.095 demand zone.
