The Bad PlaceUS Top News and Analysis | The charts on this crypto exchange stock are improving, forming a 'cup-and-handle' pattern
AI generated summary, Read the full article for complete information.
Bullish (BLSH), the crypto‑exchange operator that owns CoinDesk, has shown a notable technical rebound after a steep 80 % decline that began post‑IPO in August 2025; over the past ten weeks the stock has rallied roughly 70 %, forming a classic “cup‑and‑handle” bullish continuation pattern that now sits above the breakout zone with an initial upside target near 58‑60, roughly the 38.2 % Fibonacci retracement of its prior fall. Momentum indicators are also improving: the 20‑day moving average has crossed above the 50‑day line for the first time in the stock’s history, and the 14‑day RSI has remained in the upper half of its range since mid‑February, signaling sustained buying pressure. While BLSH would still need about a 170 % gain from current levels to retest its former high around 118, continued trading above the emerging pattern and moving averages could solidify this early comeback phase and attract further momentum‑driven interest.
AI generated summary, Read the full article for complete information.