BUILDon (B) Memecoin Surges Over 100%, But Seller Exhaustion Looms

The cryptocurrency market has seen a surge in memecoin prices, with BUILDon (B) being the top gainer. Over the past two weeks, its price has increased by over 100%, outperforming the broader crypto market.

However, on-chain data suggests that seller exhaustion is looming, which could lead to a sharp price correction. Technical indicators are flashing warning signals, including an overbought Relative Strength Index (RSI) and a negative Price DAA Divergence metric.

The RSI has reached 77.44, indicating that the memecoin is overbought and due for a price correction. The Bollinger Bands indicator also shows that the price is moving above its upper band, suggesting volatility and potential exhaustion of buyer momentum.

Furthermore, the Price DAA Divergence metric has remained negative despite the significant price surge, indicating that speculative trading flows are driving the rally rather than genuine demand from on-chain participants. This divergence often precedes corrections as short-term momentum fades.