Billions Network may be approaching breakout confirmation - $0.1400 next?
Market sentiment around Billions Network [$BILL] has started stabilizing after weeks of heavy selling pressure weakened broader bullish momentum. Buyers also gradually returned once the market defended a major support zone beneath slowing panic-driven liquidations. BILL later rebounded sharply after collapsing by nearly 72% from the broader $0.23673 peak towards the $0.06622-support zone. The recovery also strengthened after the price formed consecutive higher lows while reclaiming the broader $0.11929 trading region gradually. Volume expanded aggressively during the capitulation wick near $0.06622, reflecting stronger buyer absorption beneath exhausted bearish momentum conditions. Meanwhile, the 4-hour RSI climbed towards 63 while remaining below the overheated territory above 70. And yet, BILL still requires a decisive breakout above $0.1250 before confirming sustained bullish continuation momentum. $0.12735 breakout confirmation zone next in line? BILL increasingly entered a volatility compression phase once bullish momentum started colliding with heavy overhead liquidity near key resistance. Buyers also continued to absorb remaining sell-side pressure as the price tightened beneath a major breakout threshold recently. The price later climbed towards roughly $0.12307 while compressing directly beneath the broader $0.12735 structural resistance region. Meanwhile, the upper Bollinger Band near $0.12664 tightened sharply, reflecting a growing volatility squeeze across the broader structure. That compression increasingly suggested that sellers may be losing