Why did Bitway token skyrocket 100% this week, and can it last?

Bitway token extended its seven-day gain beyond 100% on Aug. 18, trading near $0.37 as reward campaigns drew demand, but overbought conditions and concentrated liquidation levels raised the risk of a sharp reversal. Summary Bitway gained more than 100% in seven days and briefly traded above $0.40. Ecosystem staking incentives and Binance Wallet’s Bitway Booster campaign supported demand. Daily RSI reached 76.85, placing BTW firmly in overbought territory. Liquidation liquidity is concentrated near $0.30 and between $0.42 and $0.44. According to data from CoinMarketCap, the BTW rally followed the introduction of Bitway’s incentivized decentralized traditional finance staking program on Aug. 13. The program offered an 8% base annual percentage rate paid in Tether (USDT), plus a further 4% return in platform points. For Bitway Core Alpha strategy users:Zero-fee Flash Unstaking will be live tomorrow. The BW Points conversion is scheduled for Aug 8.Additionally, here are the details for the upcoming Bitway August Staking Program:🗓 Duration: Aug 1 – Sep 1, 2026 (0:00 UTC)💰 Base APR: 8%… pic.twitter.com/UHc7U9raVU— Bitway (@BitwayOfficial) July 31, 2026 Binance Wallet’s Bitway Booster Sea...