Hey, fam !
BNX is at a very important spot right now. The price is sitting on a strong support zone (the orange area). Think of this as a "make or break" level. Either it will hold strong and push prices up, or it could break down and lead to a bigger drop.
Here’s what could happen next:
If It Goes Up (Bullish):
If buyers come in and the price bounces, we might see it heading toward $1.24 or higher. The green arrow shows this move.If It Drops (Bearish):
If sellers take over and push the price below this zone, BNX could fall toward $0.32. That’s where the next big support is.
What Should You Do?
For Traders: Be patient and watch how the price reacts here. If you see strong buying signals (like a breakout or big green candles), it could be a chance to buy.
For Cautious Players: If it breaks below the orange zone, you might want to stay out or sell because more downside could be coming.
Key Zones to Keep an Eye On:
Current Support: $0.45 to $0.50
Next Target if It Bounces: $1.24
Danger Zone Below: $0.32
This is a critical moment for BNX. All eyes are on how the price behaves in this support zone. Get ready because a big move could be just around the corner!