Latest Swell Network (SWELL) Price Analysis

Deep Dive

1. Derivative Delistings (Bearish Impact)

Overview:
SWELL perpetual contracts were delisted on Binance Futures (Nov 28) and Flipster (Nov 28), following advance warnings. These derivatives accounted for a material share of SWELL’s trading activity.

What this means:
- Traders closed positions pre-delisting to avoid forced settlements, creating sell pressure
- Reduced liquidity post-delisting amplifies price slippage risks, deterring new buyers
- Similar 5%+ drops occurred in PONKE/QUICK after the same delisting announcement (CoinJournal)

2. Technical Resistance (Mixed Impact)

Overview:
SWELL faces resistance at its 7-day SMA ($0.0025289) and 30-day SMA ($0.0030072). While RSI levels (32.17) suggest oversold conditions, the MACD histogram shows weak bullish momentum (+0.00011147).

What this means:
- Short-term traders may see RSI dips as buying opportunities, but weak volume ($1.47M 24h) limits upside
- Sustained trading below $0.0025 could signal further declines toward the 2025 low of $0.0023234

What to watch:
A close above the 7-day SMA ($0.0025289) with rising volume to confirm bullish reversal potential.

Conclusion

SWELL’s dip reflects derivative-market turbulence and a lack of catalysts to counter broader altcoin weakness. While oversold conditions might invite contrarian bids, the token remains vulnerable to liquidity crunches and Bitcoin’s dominance.

Key watch: Can SWELLchain’s TVL rebound from $180M (Aug 12) to offset exchange delistings? Monitor Swellchain stats for ecosystem traction signals.

Deep Dive

1. Trading Competition Incentives (Bullish Impact)

Overview:
Biconomy launched a SWELL trading competition on November 21–December 1, offering $8,000 in prizes (Biconomy). This likely spurred speculative activity, with SWELL’s 24h volume reaching $2.74M despite a -1.25% weekly volume decline.

What this means:
Competitions often create artificial demand spikes as traders chase rewards. However, these events rarely sustain momentum post-deadline – SWELL’s 0.31% gain aligns with typical “buy the rumor, sell the news” behavior.

What to look out for:
Post-competition sell pressure if participants cash out rewards after December 1.

2. Technical Rebound From Oversold Levels (Mixed Impact)

Overview:
SWELL’s 14-day RSI hit 34.86 (near oversold threshold of 30), while the MACD histogram flipped positive (+0.00011959) for the first time since November 24.

What this means:
Traders interpreted these signals as a buying opportunity, but weak fundamentals persist – price remains below all key moving averages (7-day SMA: $0.0025331 vs. current $0.00252). The Fibonacci 23.6% retracement at $0.0043863 remains a distant resistance.

3. Altcoin Market Relief Rally (Neutral Impact)

Overview:
The total crypto market cap rose 2% on November 25 amid Fed rate cut speculation (CoinJournal). SWELL’s muted response (-46.98% MTD) suggests weak relative strength.

What this means:
SWELL’s minor gain reflects passive “rising tide” effects rather than project-specific catalysts. Persistent risks remain, including Binance Futures’ SWELL delisting on November 28, which previously caused a 5% drop.

Conclusion

SWELL’s 24h uptick appears driven by transient factors (trading incentives, technicals) rather than protocol developments. With Swellchain TVL flatlining at $162M since July and perpetuals delisting imminent, the rebound lacks conviction.

Key watch: Can SWELL hold $0.00252 pivot point post-Binance delisting on November 28? A breakdown could retest the yearly low of $0.0023234.