Bitway (BTW) surged nearly 40% in a single day and 250% over the past month, reaching around $2.50 with a market capitalization of nearly $4 billion. The asset now ranks as the 32nd-largest cryptocurrency, overtaking established tokens like Bittensor, Shiba Inu, and Cronos. Several analysts warn of an imminent correction, with the Relative Strength Index (RSI) exceeding 80, signaling extreme overbought conditions. Additionally, the top 10 addresses hold over 96% of the total supply, making the token vulnerable to potential price manipulation. Bears are watching a support level at $2.40, where a breakdown could trigger a deeper pullback toward $2.10.
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