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Bending Spoons trades at $47.05 as of 11:42 ET, up 6.74%, above R1

Bending Spoons trades at $47.05 as of 11:42 ET, up 6.74%, above R1

Photo: The Cryptonomist

Bending Spoons has a bullish daily setup, with price above its exponential moving averages and its daily first resistance. The hourly chart supports that bias. However, overbought conditions on the 15-minute chart complicate short-term timing without overturning the daily view. Key takeaways BSP traded at $47.05 as of 11:42 ET on Monday, up 6.74% from the previous close, above the daily pivot at $44.56 and daily R1 at $46.22. Daily EMAs are bullishly aligned: the 20-session at $42.68, 50-session at $39.02, and 200-session at $22.01 all sit below the current price.

Source: The Cryptonomist

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