BUILDon (B) extended its recent rally as buyers maintained control above key support levels and kept the token among the best performers in the market.
The asset traded around $0.247 in the last session after recording a gain of over 15% in the previous 24 hours.
Daily volume climbed to $5.78 million, representing a 2.05% increase and indicating that participation has started to return alongside the price rally. As a result, the recovery appeared to attract new interest rather than relying solely on low liquidity.
However, BUILDDonate is still trading below the important $0.30 resistance level, leaving buyers with some additional work before confirming a wider breakout.
Currency flows raise new questions
Foreign exchange activity remained active despite periods of market volatility. Spot flow data showed inflows of around $217,190 against outflows of around $154,370 during the last reading period.
This left a positive net balance of around $62,820, indicating that more tokens were transferred onto exchanges than were withdrawn from them.
Previous sessions also showed several large inflow spikes, some exceeding $10 million, highlighting high transfer activity over the past few weeks.
Even if daily flows fluctuate, sustained net inflows to exchanges often increase the amount of supply available for sale. Therefore, the latest flow pattern introduced a note of caution as BUILDon approached a major resistance zone.
Whether these flows translate into actual sales activity could play a key role in determining the token’s next directional move.
Bears absorb losses as short positions unravel
Liquidation activity revealed a market that increasingly favored bullish positioning despite intermittent pullbacks.
Recent data showed that short liquidations reached around $23,050, while long liquidations remained limited to around $340.
The large gap indicates that bearish traders absorbed the overwhelming majority of losses during recent price swings.
Such an imbalance often occurs when prices move faster than expected and force short sellers to exit their positions.
Unlike previous periods marked by broader bilateral selloffs, recent activity suggests that sellers have struggled to maintain control.
Additionally, the relatively small number of long liquidations showed that bullish traders largely avoided large forced exits.
This development reinforced the recovery narrative as the market continued to eliminate its bearish exposure while preserving most long positions.
Can support strength fuel a breakout for BUILDon?
BUILDon price action continued to stabilize above the $0.214 support level following the sharp correction following May’s explosive rally.
Buyers defended this area repeatedly, preventing a deeper decline and helping prices establish a base near current levels.
The RSI returned to 47.40 and moved closer to the neutral threshold after spending extended periods below. The indicator no longer reflected strong selling pressure, which suggested improving market conditions.
The MACD also showed signs of recovery as the histogram turned positive and the gap between the signal line and the MACD line narrowed significantly.
Although the indicator has yet to generate a decisive bullish crossover, the downward pressure appears to be fading. Meanwhile, the price remained below major resistance at $0.30, making this level the most significant obstacle to any attempt at a sustainable recovery.
Final summary
- Increased volume and strong short liquidations continued to support BUILDon’s recovery.
- FX flows increased supply risk as prices approached major resistance.
