Biswap Breakout Potential: Buy Signal in DeFi Token

I'm considering purchasing Biswap (BSW) as indicated by the recent buy signal. The current price is approximately $0.01960, with a trading volume of 8.20k BSW, and the total market cap stands at around $12.75 million. The transaction involves about 0.21 WBNB, totaling roughly $160.71, pointing to a moderate investment scale. Given this context, the buying momentum appears positive, supported by a significant volume and a clear buy alert. Biswap, being a decentralized exchange platform with a growing user base and liquidity, could benefit from increasing DeFi adoption. The relatively low price offers potential for gains if the project continues to develop and attract more users. However, I need to consider the overall market trend and recent volume activity to confirm this buy signal's reliability. While the low price and decent volume are promising, the market cap indicates a niche player, which might be volatile or susceptible to market swings. Proper risk management and further technical analysis are necessary before committing a larger portion of my portfolio to BSW.