Test (TST), the BSC-based meme coin that was born out of a video tutorial, is experiencing a 17% jump in the past 24 hours and currently stands at 17%.
This uptick is defying the market’s latest downtrend as other assets in this category are either posting mild gains or have resumed their retreat.
Trading volumes have surged by 34% in the past day as well and currently stand at $305.6 million. This figure accounts for 3 times the token’s market cap of $95.2 million.
We are live on Binance Square $TST
Make sure to check out our profile⤵️https://t.co/V31N9P6IPf pic.twitter.com/hHBCDOPoUy
— Test Token (@TestonBSC) February 26, 2025
TST was created by the Binance team to showcase how developers and users could easily use the BNB Chain to launch meme coins. However, a group of traders rapidly pumped its market cap and attracted other investors in the process.
Binance is currently the most relevant crypto exchange for this asset, accounting for 41.6% of its daily trading volumes. The exchange was criticized amid its lax criteria for listing new tokens as it rapidly added TST to its global platform even though the meme coin had only been around for a couple of days.
Despite the significant weakness that most cryptos have experienced lately, TST has shown resilience during the sell-off as it has delivered gains of 19.6% in the past 7 days while its price is up 331% in the past 30 days as well.
Comparatively, the top assets in the meme coin category like Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) are down 17.7%, 10.9%, and 12.4% in the past week respectively.
TST Exhibits Bullish Structure in Hourly Chart
The hourly chart for Test (TST) shows that the token has been making a series of higher highs and higher lows in the past two days that have formed an ascending price channel.
This bullish structure is an indication that the asset is on an uptrend, at least in the very near term. At the time of writing the token has been dropping for a few hours and the nearest area of support is found at the $0.0990 level.
If that support line is broken, the lower trend line shown in the chart and the $0.0820 level would be the next area of support to watch in case traders expect a rebound.
The Relative Strength Index (RSI) has already crossed below the signal line, implying a change in the asset’s trend. The MACD’s histogram also shows steadily rising red bars, meaning that negative momentum is picking up its pace.
These momentum indicators favor a bearish short-term outlook for TST with a total downside potential of around 17%.
Aside from TST, the best ICOs of the year, like BTC Bull Token ($BTCBULL), are also defying the market’s downtrend.
BTC Bull Token Raises $2.9 Million to Launch Its Innovative Milestone-Based Rewards System
BTC Bull Token (BTCBULL) is a meme coin with a clear utility. Bitcoin (BTC) is arguably the most popular cryptocurrency and a large group of investors believe that its price will rise to at least $1 million in the next decade.
For most people, seeing BTC hitting $100,000 per coin was highly unlikely. Yet, 15 years after its launch, here we are.
BTC Bull Token (BTCBULL) creates a compensation scheme tied to new price milestones that BTC should reach in the near future.
Token holders will be compensated every time the market adds another $25,000 to BTC’s price – starting at $100,000. The next milestone is set at $125,000, at which point a portion of BTCBULL’s total supply will be burned to foster scarcity and push the price higher.
Meanwhile, once BTC hits $150,000, token holders will receive an airdrop of BTC tokens directly into their wallets. In summary, BTCBULL is a way to generate passive income as the price of BTC increases over time.
To buy $BTCBULL at its discounted price of $0.002385, head to the official BTC Bull Token website and connect your wallet. This price will increase in the next 48 hours so don’t take too long.
You can either swap USDT, ETH, or BNB to make your investment.
