$BNX is currently showing some mixed signals in its price action. After experiencing strong momentum, BNX is trading around $1.45, with a 24-hour volume of approximately $5.38 million. The coin remains relatively popular, ranking among the top 100 assets by market cap.
$BNX is maintaining a bullish trend, with multiple short- and long-term MAs signaling buy conditions. Both the 10-day and 50-day moving averages are in favor of a continued uptrend, confirming strong momentum, support levels have been identified around $1.24, with immediate resistance at $1.75. A break above this resistance could trigger another rally, potentially pushing the price towards $2.00.
BNXâs price is in a consolidation phase, but with a strong base of support and favorable technical indicators, the outlook remains bullish. If it clears resistance at $1.75, a rally to $2.00 and higher is possible.
