- BABY surged 72% following listings on Binance and Bitget, hitting $0.1365.
- Technical indicators suggest continuation, with Fibonacci pointing to $0.185–$0.23 targets.
- Despite hype, concerns linger around insider-heavy tokenomics and low staking returns.
The Babylon (BABY) token saw its price leap 72.08% in the last 24 hours, hitting $0.1365 as trading volume jumped 77.47%.
The surge happened right after the token appeared on Binance and Bitget exchanges and the Babylon Genesis mainnet went live, the first Layer-1 using Bitcoin security.
Data from CoinMarketCap shows BABY set a new all-time high of $0.149 on April 10,2025, just two days back, and it may not be done yet.
BABY Price: Can Bullish Signals Push It Past 0.149 ATH?
Looking at the 1-hour chart, BABY is showing strong bullish momentum.
The Relative Strength Index (RSI) reads 72.13, crossing into overbought levels. While this typically signals caution, the RSI has been steadily climbing, which often precedes continuation in an uptrend during strong market sentiment.
The Bollinger Bands are widening with price action hugging the upper band, suggesting volatility expansion and sustained bullish pressure, and the middle line (20-day SMA) is far below the current price, backing the idea of strength.
A potential retest of the ATH at $0.149, followed by a psychological break to $0.150 if momentum persists, is quite possible in the short-term.
On the second chart, the MACD line (blue) is pulling further away from the signal line (orange), forming a bullish divergence. Increasing histogram bars support a continuation of this trend.
Related: Only 3 of 27 Binance 2025 Listings Gained – And Even They Carry Risks
What’s Next for $BABY? Fibonacci Targets Point Towards $0.18-$0.23
Meanwhile, the Fibonacci extension levels project some compelling upside targets:
- 1.618 level: $0.18547
- 2.618 level: $0.23397
- 3.618 level: $0.28247
- 4.236 extension: $0.31245
These levels suggest BABY could hit $0.185 to $0.23 in the next wave, assuming sustained volume and market momentum.
Why the Sudden Hype? Listings & Tech Launch Power BABY’s Rise
BABY’s breakout coincides with a cluster of major events:
- Binance Listings: On April 10, Binance added BABY to Simple Earn, Margin, and Futures, boosting accessibility and liquidity.
- Bitget Listing: Trading began April 10, with withdrawals now open.
- Genesis Launch: Babylon Genesis is now live, establishing the first Layer-1 secured by Bitcoin via trustless BTC staking.
- Features Update: Tower DEX and IBC Eureka (for Ethereum interoperability) to be rolled out soon after mainnet launch.
Red Flag: Tokenomics Questions Hang Over BABY’s Big Rally
However, not all is rosy as critics highlighted several red flags in the BABY’s tokenomics.
The first red flag is that 66% of total supply belongs to the team, advisors, and early investors raising questions over control and sell pressure.
The disappointing BTC staking ROI (just 0.6% over 6 months) also has drawn criticism.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
