BCUT Bounces Near Key Support Amid Signs of Accumulation and Potential Reversal

BCUT, a token linked to NFT forensics and blockchain analytics, has shown signs of stabilization after a recent 15.84% weekly decline. The asset is currently trading near a critical support zone of $0.01445–$0.01490, with volume surges indicating active accumulation. This support area has repeatedly held, forming bullish wicks and reinforcing buyer confidence. Although the RSI stands at 40.69 and MACD hovers near zero—indicating weak momentum—patterns suggest a potential reversal if volume increases[1].

Kamran Asghhar highlighted on X that BCUTUSDT has been consolidating within a well-defined range on the 15-minute chart, with recent candles attempting to break above a descending channel. The price is currently at $0.01498, slightly above the midpoint of the support zone. On the 4-hour timeframe, the token is near a key demand zone between $0.016 and $0.017, where a strong bounce could signal a continuation of bullish momentum toward $0.02[2].

According to CryptoRank data, BCUT has been confined between $0.01400 and $0.01800 for weeks, with a brief surge above $0.01800 on July 26 followed by a rapid pullback. Since then, the token has formed lower highs and remained near its short-term support level. If bulls manage to reclaim $0.01550 with strong volume, higher resistance levels may become accessible[3].

Despite the bearish short-term trend, BCUT's fundamentals remain robust. With a market cap of $9.23 million and a fully diluted valuation of $16.7 million, the token exhibits minimal dilution risk. Unlike projects with high inflationary pressures, BCUT maintains a strong tokenomics structure, with most supply already in circulation. Its recent underperformance compared to peers like MORE (+309%) and CUDIS (+43.6%) over 30 days highlights weak market interest, but its potential relevance in expanding Web3 infrastructure could drive future demand[4].

In summary, while BCUT faces limited immediate upside momentum, its technical structure, token fundamentals, and support resilience point toward potential mid-term growth. Traders are closely monitoring price action around $0.01490 for signs of a bullish breakout.

Source: [1] Will BCUT Flip the Script? Price Stagnates as Support Strengthens at $0.01450 (https://cryptofrontnews.com/will-bcut-flip-the-script-price-stagnates-as-s/)