Over the last four hours, the $BNX /USDT trading pair has shown significant price movement.
Starting with a modest uptick fueled by increased retail trader interest, $BNX saw heightened volatility as the session unfolded. Following an initial rise, the price entered a brief consolidation phase, suggesting a temporary equilibrium between buying and selling pressures.
This stability was interrupted by a sudden surge in trading volume, propelling $BNX to challenge a new resistance level.
The spike likely stemmed from optimistic sentiment surrounding potential news or developments within the BNX ecosystem.