BARD (Lombard Finance) surged 39% with trading volume exceeding $278 million, reaching a new high above $1.50. However, on-chain data reveals wallets linked to the project deposited over $1.85 million worth of BARD tokens into exchanges, signaling potential sell pressure. Price action shows a bearish divergence as the Accumulation/Distribution indicator declines, suggesting distribution has begun. The Long/Short Ratio also dropped sharply, indicating traders are shifting toward selling. Despite bullish momentum signs, these factors point to a potential short-term reversal due to profit-taking or team sell-off risks.

# BARD Articoli collegati

BARD crypto surges 39%, yet $1.85 mln potential sell-off raises risk

Market Analysis