$BNX Technical Analysis

- _Current Price:_ 1.6

- _Price Increase:_ Over 235% recent

- _Recent Low:_ 1.15

- _RSI:_ 55 (bullish)

BNX is poised for a significant breakout, currently trading at 1.5, just shy of the key resistance level of 1.6. The recent price surge of over 35% indicates a strong bullish momentum, with the RSI reading of 55 confirming the upward trend.

The recent low of 1.15 has held strong, and the coin is now eyeing the 1.6 level, which, if breached, could lead to further gains. The RSI reading suggests that the coin is not yet overbought, leaving room for continued growth.

- _Bullish Outlook:_ BNX is extremely bullish, with a high likelihood of breaking the 1.5 resistance level.

- _Target Price:_ 1.6-1.7 (after 1.5 is breached)

- _Stop Loss:_ 1.3 (below recent low)

Please note that technical analysis is subjective and should not be taken as investment advice.

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