“BNX/USDT Surges Over 8%! Ready for the Next Leg Up to $0.94?”

Entry: 0.7625

Target 1: 0.7803 ✅

Target 2: 0.7981 ✅

Target 3: 0.8516 ✅

Target 4: 0.9407

Stop Loss 1: 0.7185

Stop Loss 2: 0.6200

Technical Analysis (TA):

• Current Price: BNX/USDT is trading at $0.8202, up 8.12% in the last 24 hours, indicating strong bullish momentum.

• Moving Averages (MA):

• MA(7) is at 0.8236, slightly above the current price, suggesting minor resistance in the short term.

• MA(25) and MA(99) are at 0.8165 and 0.8223, respectively. The price recently broke above these levels, which now serve as support, further validating the upward trend.

• Volume: A significant volume spike suggests strong interest in the asset, which supports the recent price rise. However, volume has tapered slightly, indicating a potential minor pullback or consolidation before the next move higher.

• RSI (Relative Strength Index):

• RSI(6) is at 44.21, showing neutral momentum and room for further upside.

• RSI(12) and RSI(24) at 51.45 and 50.68, respectively, indicate that while the asset is not overbought, there is growing bullish strength.

• Support and Resistance:

• Immediate support lies near the 0.8145 level, followed by 0.8033.

• Resistance levels to watch are around 0.8386 (recent high), followed by the next targets.

Conclusion: BNX is showing solid upward momentum, and with key targets already met, it appears poised for further gains. Maintaining above the moving averages and a stable RSI suggests potential for the next target at $0.9407 if the bullish trend continues. Caution is advised around support levels to manage risks effectively.