Bullish
Here’s whether Bullish (BLSH) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-3.09% over 10 days); RSI 25 — oversold; 3-month momentum negative (-25.2%); rising volume on a downtrend (distribution, 1.16x avg). Currently 77.2% off its 52-week high. Score: -6/7.
BLSH is trading below its 200-day MA ($43.80) — a key warning sign the longer-term trend is under pressure. An RSI of 25.3 has dropped into oversold territory, which has historically preceded short-term bounces. With ~10 months of trading history, the return since first available bar is -60.4%. The current 77.2% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.