🔴 $BNX Critical Update 🔴
BNX has faced a sharp decline, with a 45% drop over two days, finding temporary support at $0.65, but for a significant reversal, BNX needs to maintain the $0.65 support. Failure to hold this level could lead to a further drop towards $0.50. The market has seen over $80 million liquidated recently, reflecting the losses faced by investors, particularly those who entered above $1.00.
Currently, BNX shows signs of an upward trend, aiming for over $0.90. However, this is speculative, and the presence of “trapped” investors may exert selling pressure at this level, potentially causing another price dip. The 100 EMA suggests a bearish outlook, and a break above $1.00 would require BNX to sustain major support levels, especially as it nears the $0.90 to $0.95 range.
#bnx #not #btc #US_Inflation_Easing_Alert #VanEck_SOL_ETFS $BTC
