Gaming Crypto B3 Surges, But Momentum Eases Amid Selling Pressure

B3, a gaming-focused cryptocurrency launched on the Base chain, has experienced a significant price surge, making it one of the fastest-growing tokens on the platform. Founded by former Base team members, B3 has garnered considerable attention as one of the most talked-about gaming coins in the current cycle.

Despite its impressive rally, technical indicators suggest that B3's trend momentum is easing, and selling pressure has started to increase. The Average Directional Index (ADX) has dropped sharply from 60.8 to 13.6 in the last 12 hours, indicating a rapid loss of trend strength. Although B3 remains in an uptrend, with a +DI of 19.8, the increasing selling pressure, as indicated by the rising -DI, suggests a critical point where the market could shift direction.

B3's Chaikin Money Flow (CMF) is currently at -0.08, after remaining positive for several hours between yesterday and today. The CMF measures buying and selling pressure based on volume and price action, with values above zero indicating accumulation and values below zero signaling distribution. The negative CMF suggests that selling pressure is still present, which could indicate a weakening of bullish momentum and make it harder for the price to sustain an uptrend.

B3's price is currently near a key support level at $0.01259, which will be crucial in determining the next move. If this support is tested and fails, B3 could see a significant drop, potentially falling to $0.0068 or even $0.0053, marking a steep 61% correction. However, if the uptrend strengthens, B3 could push toward the $0.016 resistance level, with a breakout above this level signaling renewed bullish momentum and a potential move toward $0.0195, representing a 42% upside.