#lets know about one more coin -
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Market Cap: $595 million
1W Trading Volume: $105 million
Percentage change in Price (1W): +42%
Any News Around the Token:
This is one of the strongest-performing major tokens so far in 2024, having gained nearly 440%, in 2024 YTD. Interestingly, this is an altcoin that has gained the most amount in the past couple of months, between April to September 2024 - effectively the time when the rest of the market has been seeing weakness and a sideways price action.
Analysis:
BinaryX is one of the top-performing tokens among the top 100 cryptos by market capitalization, showcasing remarkable resilience despite recent overall market weakness. The altcoin's robust performance may continue if the current bullish trend persists, potentially leading to a bullish crossover between the 50-day and 200-day EMAs, reversing over a year of bearish sentiment. Currently, BinaryX is trading near the R1 Fibonacci level for September 2024. If this upward momentum holds, BNX could reach price targets of $1.75 and even approach the key psychological resistance level of $2 by month-end. Conversely, the $1 mark is anticipated to act as a support level, providing a safety net should the price decline. This ongoing strength underscores BinaryX's potential for further gains if the positive trend continues.
$ binary
