BUILDon (B) Explodes 55% in 24 Hours, Is $0.74 the Next Stop?

BUILDon (B) rocketed roughly 55% on Monday, smashing through the 0.786 Fibonacci level at $0.60 and reigniting the case for a sprint toward the $0.74 open high.

The Daily Relative Strength Index (RSI) flipped back into bullish territory, while the 4-hour structure carved a clean ascending channel. Both timeframes now point to the same question, namely, how far the next leg can extend.

BUILDon Daily Chart Confirms Bullish Breakout

The Daily B/USD chart on MEXC shows BUILDon clearing the 0.5 Fibonacci retracement at $0.40 and pushing above the 0.786 level at $0.60. The single-session expansion lifted the token to around $0.63 at the time of writing.

The next upside target sits at the open high near $0.74, which also marks the 1.0 Fibonacci extension. However, in the case of a pullback, the 0.618 Fibonacci level at $0.48 stands as the first key support.

RSI readings returned to bullish territory and have not printed any bearish divergence yet. Meanwhile, volatility remains near its upper extreme, while breakout volume looks relatively modest, a nuance bulls should monitor closely.

4-Hour Channel Hints at a Short-Term Cooldown

On the 4-hour timeframe, BUILDon prints higher highs and higher lows inside an ascending parallel channel. Price recently tagged the upper bound near $0.68 before slipping back toward $0.62.

A retest of the channel midline around $0.55 would offer a healthy reset for the trend. In contrast, the lower band aligns with the 0.5 Fibonacci retracement at $0.40, and bulls would want that confluence to hold.

RSI still sits in bullish territory, yet early signs of bearish divergence have appeared compared with the extreme readings from earlier in May. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram expanded into taller green bars before momentum began to flatten.

Therefore, a minor correction looks plausible before any push at $0.74. Such a cooldown could give the BNB Chain meme coin a cleaner runway for the next attempt.

Analyst Hami Sees a Clean Path to New Highs

Independent trader Hami pointed to the same setup on X, highlighting a textbook breakout from accumulation supported by rising volume. He framed BUILDon as ready for another leg higher, with old resistance now flipping into support.

The view aligns with the higher-timeframe structure, where buyers have absorbed every dip since the move began. A daily close above $0.74 would open fresh price discovery, while a firm rejection there would likely send price back to the $0.48 zone.

Therefore, the next 24 to 48 hours look pivotal. Either BUILDon converts the breakout into a continuation toward new highs, or the ascending channel buys time for one more dip before the bulls reload.

The post BUILDon (B) Explodes 55% in 24 Hours, Is $0.74 the Next Stop? appeared first on BeInCrypto.

Source: https://beincrypto.com/buildon-b-explodes-55-in-24-hours-is-0-74-the-next-stop/