Bitway price retreats after 250% surge, but momentum holds

Bitway price pulled back after briefly reaching a record high near $0.775 on Aug. 19, but strong capital inflows and a bullish trend structure suggest buyers have not yet lost control. Summary Bitway price rose nearly 250% from its recent lows before peaking near $0.775. BTW retreated about 18% from the record high as traders booked profits. Daily RSI reached 87.45, placing the token deep inside overbought territory. 4-hour support near $0.50 could determine whether the rally remains intact. Bitway price cools after reaching a record high According to data from crypto.news, Bitway (BTW) price traded near $0.63 at the time of writing, according to the Bitget spot chart. The token remained up about 46% on the day despite retreating from an intraday high of $0.7746. BTW began its latest acceleration after breaking above the $0.20 area in early August. The token then advanced through $0.30 and $0.40 before a near-vertical move carried it above $0.60 on Aug. 19. Measured from the Aug. 11 area near $0.18 to the session high, Bitway gained roughly 330%. Its increase from the more recent breakout zone around $0.22 was about 250%. The long upper wick on the daily candle shows that sellers e...