BNB Chain’s purchase of 40 million TAG tokens ignites a 9% rally for Tagger, outperforming a cooling crypto market on Tuesday.
While most of the crypto market shows signs of cooling on Tuesday, Tagger (TAG) is trending on exchanges with a strong 9% daily surge. The cryptocurrency is trading around $0.0006421 with a market capitalization of $69.6 million.
The rally follows BNB Chain’s BNB $866.9 24h volatility: 2.5% Market cap: $119.36 B Vol. 24h: $1.93 B announcement that it has purchased over 40 million TAG tokens from TaggerAI for $25,000 under its upgraded $100 million incentive program.
$100M Incentive Program: Purchase Announcement
The BNB Chain Foundation wallet has made new asset purchases. Here are the details:
✅ Swapped USDT 25k to TAG (@TaggerAI) 40,421,479.45 @ 0.0006184830526https://t.co/KBVFVR7MYS
🔍 BNB Chain Foundation Wallet address:… https://t.co/HEcAsyZp7T
— BNB Chain (@BNBCHAIN) July 22, 2025
This acquisition comes as the BNB Chain makes a strategic shift in its incentive approach. Notably, BNB Chain recently decided to move from broad incentives to direct token purchases from projects with active user bases and proven market traction.
BNB Chain’s $100M Incentive Program Gets an Upgrade! ⬆️
After a 3-week pilot, feedback showed the current program wasn’t effective.Now, BNB Chain is testing a new direct token acquisition method to improve the program metrics.
Here’s what you need to know: 🧵👇 pic.twitter.com/kqNqB22mVn
— BNB Chain (@BNBCHAIN) April 18, 2025
Previously, BNB Chain piloted the program to drive innovation across its network but faced challenges in generating sufficient traction.
The updated model now buys tokens from projects with market caps above $1 million, daily trading volumes of at least $200,000, and protocols with strong Total Value Locked (TVL) metrics.
TaggerAI was launched in December last year as a full-stack decentralized AI data platform on BNB Chain. The token has seen its 24-hour trading volume jumping 85% to $55.86 million following the announcement, reflecting growing investor confidence.
TAG Price to $0.0007?
On the 4-hour chart, the TAG price is hugging the upper Bollinger Band, signaling strong bullish momentum. The bands are widening, indicating potential continuation if price sustains above $0.0006200 support.
Key resistance sits at $0.0006500 and a breakout above this level could lead the token to $0.000700.
TAG price chart with RSI and Bollinger Bands | Source: Trading View
The RSI is nearing the overbought threshold without exhaustion, suggesting room for further upside for a penny crypto with 1000x potential. However, traders should be cautious of potential pullbacks if the RSI surges further.
Meanwhile, the MACD line remains above the signal line with widening histogram bars, confirming bullish momentum. However, the flattening histogram hints at slowing momentum, warranting caution near resistance.
TAG price chart with MACD | Source: Trading View
If TAG drops below the $0.0006200 support level, it could see a retest of the $0.0005800 support area.
Technical analyst AlienOvichO recently noted on X that TAG has been forming a rising wedge on the daily chart since mid-June. He expects price to continue its upward rally, setting a price target of $0.00077 in the near-term.
#Tagger $TAG smashes another target!
✅ $0.00062 cleared
🎯 Next stop: $0.00077The catch? It's testing the wedge top – either we get a breakout continuation or a pullback. https://t.co/CkxzeXS8pM pic.twitter.com/3okw8JZ0k0
— AlienOvichO (@AlienOvichO) July 21, 2025