In a stunning move that left the crypto market buzzing, BLESS surged by more than 600% in a single day, soaring to a new all-time high of $0.233 before easing slightly. The token’s meteoric rise came seemingly out of nowhere, with no clear news catalyst driving the price action.

Despite the absence of announcements or major partnerships, the market frenzy around BLESS has continued to grow. The rally, which began late yesterday, briefly cooled off earlier today but remains well above pre-breakout levels, leaving traders wondering whether this explosive move marks the start of a sustained bull run or a speculative bubble ready to burst.

Technical Breakout After Three Weeks of Pressure

Since its launch on 24 September, BLESS had been trading under a persistent descending resistance trend line that capped prices for over three weeks. That technical barrier finally gave way yesterday, sparking a massive breakout that saw BLESS catapult from near its lows to a record high within hours.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators remain strongly bullish, showing no immediate signs of bearish divergence. This suggests that the recent breakout may still have momentum behind it, and that further upside could be possible if buyers continue to dominate.

However, some market analysts remain cautious. Given the speed and scale of the surge, they warn that a short-term pullback could be imminent as traders take profits.

One notable trader, Julius Elum, had predicted a potential pump in both BLESS and HANA tokens earlier in the week. While HANA has yet to move significantly, BLESS’s explosive rise proved his forecast correct, at least in the short term.

Speculation or Smart Money?

Despite the bullish technicals, many in the community remain sceptical about the organic nature of the rally. BLESS had been trending downward for three consecutive weeks, with limited volume and minimal social media activity. The sudden reversal without any clear catalyst has raised eyebrows, suggesting the move might be driven more by speculation than fundamentals.

Analysts point out that such sharp gains, especially in newly launched tokens, are often fuelled by momentum traders and short-term speculators. While this can produce impressive spikes, it can also lead to equally dramatic reversals if liquidity dries up or sentiment turns.

Still, the strong follow-through in technical indicators offers some optimism. If the breakout consolidates above key support zones, it could signal that BLESS is entering a new phase of price discovery, potentially attracting longer-term investors looking for high-growth plays.

What’s Next for BLESS?

From a technical perspective, the recent move appears to fit into a five-wave Elliott Wave structure. Analysts suggest that the current rally may represent the third wave, typically the sharpest and most impulsive part of a bullish cycle.

If that analysis holds true, BLESS may now enter wave four, which often brings a temporary correction before the final push higher. Based on Fibonacci retracement levels, support is expected to form between $0.129 and $0.154.

Once that correction completes, wave five could propel the token to new highs, with the next major target sitting around $0.336, derived from the 3.61 Fibonacci extension of the previous decline.

This suggests that while a short-term pullback is likely, the broader uptrend may still be intact, provided the token maintains support above $0.129.

Final Outlook: A Pause Before the Next Surge?

BLESS’s 600% breakout is one of the most striking single-day performances in the current crypto market, putting the token firmly on traders’ radar. Yet, the question remains whether this surge is sustainable.

With momentum indicators still bullish but wave patterns hinting at a near-term dip, investors face a pivotal moment. A correction toward $0.13–$0.15 could provide a healthy reset before another leg up toward the projected $0.336 target.

For now, BLESS stands as a reminder of crypto’s trademark volatility, capable of generating eye-watering gains in hours, but equally prone to sharp reversals. As traders watch for confirmation of the next move, one thing is certain: BLESS has entered the market’s spotlight, and all eyes are on its next chart move.