Badger DAO Price Prediction: Why Did BADGER Soar 120%?
You know a real crypto bull run has arrived when the coins start to pump three digits in a single day. The same is the case with the BADGER price which has soared 75% since the start of this week. At one point, the price was up 120% before the traders started to take profits.
At the time of writing, the native asset of Badger DAO is trading at $4.62. The cryptocurrency is having a 10.6% pullback after an unfathomable surge in its previous trading session. However, the outlook remains positive due to a breakout above its previous range lows.
According to the crypto data tracking website Coingecko, Badger crypto has been one of the most traded cryptocurrencies in the last 24 hours. During this time, $314 million worth of DeFi assets have been traded across all crypto exchanges.
On Friday, Bitcoin price once again failed to break above $37,000. This created another wave of strong selling pressure on the altcoins which were recovering from Thursday’s deleveraging event. Consequently, BADGER price also turned red today. However, the coin remained 63% up on the weekly timeframe.
BADGER DAO Price Prediction
As the name goes, BADGER coin is the native asset of the decentralized application Badger DAO which enables BTC to be used as collateral in DeFi apps. Following is the price chart of this coin which shows the most significant levels. Out of these levels, the $2.60 was a major level that has been recently reclaimed.
As a result, Badger DAO price prediction has gained a bullish outlook. However, the bulls are struggling to push the price above the middle of the trading range while lies at $4.94. A lot depends on the breakout above this level and the next price action of Bitcoin. Stability in BTC price may unlock another bullish leg.