A big pump of 390% in a week! Bless has defied the trend to reach a historical high, with a market capitalization of over 200 million USD. Is a listing on a large exchange imminent?

Despite the recent pullback in the crypto market, the price of Bless (BLESS) token rose against the trend on Wednesday, reaching an all-time high of $0.1125, with an increase of over 230% in 24 hours, and a cumulative surge of 390% from this week's low. This parabolic rise occurred after Bless formed a bullish double bottom pattern. Driven by a massive volume of $101 million, its market capitalization has surpassed $200 million, with the CEX Alpha competition, exchange listing speculation, and a roadmap that includes GPU ready nodes being the main catalysts for its rise.

Price Trend Analysis: Double Bottom Pattern Confirms Bullish Structure

The surge of Bless Token is the result of a classic technical pattern driven by strong buying interest in the market at its lows.

· Price and volume break records

Bless Token price surged to a record 0.1125 USD.

In the past 24 hours, its volume surged by 150%, reaching $101 million, pushing its total market capitalization above $200 million.

· The giant double bottom pattern lays the foundation

The main reason for the surge in the price of Bless Network Token is the formation of a significant double bottom pattern at $0.0234. The lows of this double bottom occurred on October 1 and October 10.

The neckline of the double bottom pattern is located at the highest point of October 6 at $0.97535. The current price has broken through this neckline and even surpassed the historical high of $0.1070.

The double bottom is one of the most bullish patterns in technical analysis, as it indicates that bears are reluctant to short below the low of 0.0234 USD.

· Future trend prediction: Pay attention to pullback

In most cases, a reversal often occurs after this parabolic trend due to profit-taking by investors.

If a pullback occurs, the next key observation point is 0.07536 USD. If the price completes the “breakout and retest” **pattern at 0.07536 USD and successfully rebounds, this will be a **bullish continuation signal.

Driving Factors: Competition, IPO Expectations, and Infrastructure Upgrades

In addition to being driven by technical aspects, the strong performance of Bless's price is also attributed to external activities and its continuously improving ecosystem roadmap.

· CEX Alpha Competition Catalyst

A potential catalyst for the continued rise in the price of BLES tokens is the ongoing Binance Alpha competition.

This competition was launched earlier this month, involving tokens such as BLESS, AOP, and STBL, providing participating users with the opportunity to share a reward of $2 million. The competition is expected to end later this month, with each Bless winner receiving 1100 BLESS tokens.

· Exchange listing speculation

Another potential reason for the rise in the price of BLES Token is the market's hope that it will be listed on more exchanges.

Currently, most of its transactions occur on platforms such as PancakeSwap and Gate. The market expects that other major exchanges may list it.

· The roadmap reveals future potential

In addition, the developers recently released a roadmap that includes the launch of GPU-ready nodes and fiat on-ramps in the coming weeks. This roadmap provides more details on their future development, intending to challenge projects like Grass that hold a larger market share in the same track.

Conclusion

The Bless Token has set a historical high against the backdrop of weakness in the entire crypto market, with its technical breakthroughs and an astonishing rise of 390% making it the most eye-catching crypto asset in the short term. The technical support provided by the double bottom pattern, along with favorable fundamentals such as exchange competitions, potential listings, and the infrastructure roadmap, have collectively driven this uptrend. However, traders should closely monitor the pullback support level at 0.07536 USD to determine whether this parabolic rise can transform into a sustained bullish structure.

This article is news information and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.