Bullish (BLSH) Price Forecast Summary

Published: February 25, 2026

Author: Bruce Powers

Key Points

• Bullish (BLSH) may be forming a bottom after a significant decline.
• A breakout above trendline resistance is necessary to confirm a reversal.
• Reclaiming the 20-day moving average would strengthen the bullish outlook.
• The first upside confirmation target is the 50-day moving average.
• A move above $42.35 would signal a broader trend shift.

Market Overview

The stock of Bullish (BLSH) is showing signs of a potential bottom after experiencing a steep decline. The company operates the Bullish Exchange for digital assets and derivatives and also runs CoinDesk media services. BLSH went public in August 2025 at $37 per share, quickly reaching a record high of $118.00 on the same day. However, the stock has since trended downward, hitting a low of $24.79 in early February, marking a 79% decline from its peak.

Technical Analysis

Despite making a new low on February 5 when it reported Q4 2025 earnings, a sharp bullish reversal occurred shortly after. This led to a reclaim of the 10-day moving average, with the 20-day moving average now acting as resistance. BLSH has been consolidating in a narrow range near this moving average, which represents dynamic trend resistance, alongside a long-term downtrend line from the October highs.

Breakout Setup

Technical indicators suggest a potential trend reversal is in play, awaiting breakout signals. The recent high of $33.48 nearly touched the downtrend line resistance. A decisive breakout above this level would confirm a reclaim of the 20-day moving average and signal a breakout from the recent consolidation, which has formed a small broadening pattern.

Upside Targets

An upside breakout would indicate a bullish reversal from a downtrend to an uptrend, although confirmation is essential. The first target for this breakout is the 50-day moving average, which has acted as dynamic resistance during the decline. A daily close above this level would support further upside potential. Additionally, reclaiming the minor swing low at $42.35 would reinforce a broader trend reversal, with Fibonacci retracement levels near $43.74-$43.96 adding technical significance to this zone.

Conclusion

In summary, Bullish (BLSH) is at a critical juncture where a breakout above key resistance levels could signal a significant trend reversal. Investors should monitor these levels closely for potential trading opportunities.