Swell crypto gains 46% in 16 hours – Should you bet on more gains?
- SWELL is likely to consolidate below $0.045 in the coming hours.
- The small market cap and high trading volume pointed to further gains.
Swell [SWELL] crypto has ascended past the short-term resistance at $0.4 and is in the price discovery phase once more. As a recently launched token, the bullish sentiment across the market is likely to aid the altcoin’s gains.
Swell crypto breaks past recent highs
Source: SWELL/USDT on TradingView
Since the token has been trading for a very short while, the price action data is extremely limited. On the 7th of November, SWELL was stuck below the $0.0393 level and unable to close a trading session above it.
The volume also declined toward the end of the day. This began to turn around on…
