Biswap (BSW) Shows Weekly Gain Despite Short-Term Dip

I observe that Biswap (BSW) is currently priced at approximately $0.02. Over the past hour, it has dipped slightly by 0.39%. In the last 24 hours, there's been a more noticeable decline of about 4.62%. However, looking at the weekly trend, BSW has gained approximately 10.58%, indicating some recent positive momentum in the past week. This price pattern suggests that while there might be short-term volatility and minor corrections within the day and the past 24 hours, the longer-term weekly trend remains positive. Such a pattern could imply that Biswap is experiencing a healthy correction after a previous rally or consolidating before a potential breakout. Investors should consider the broader DeFi ecosystem and market sentiment that influence BSW prices, as well as liquidity and trading volume for more comprehensive insights. Given this, traders might see the recent weekly increase as a bullish sign, but must be cautious about the short-term dips. It's essential to monitor upcoming market developments and volume indicators to determine if the current trend can sustain or if a reversal might happen. Overall, Biswap shows signs of emerging strength within its weekly trend, but short-term volatility remains a factor to consider.