Analysis of his work $BNX shows the following:
1. Candlestick chart: The last candles show a bearish trend with some stability around the current price of 0.7237 USDT. There was a recent bottom at 0.7174 USDT.
2. Moving Averages (MA):
The yellow line represents the short-term moving average (MA7), the pink line represents the medium-term moving average (MA25), and the purple line represents the long-term moving average (MA99).
Currently, the price is trading below most of the moving averages, indicating short-term selling pressure.
3. MACD indicator: Negative values ââindicate bearish momentum, but there is an attempt to cross the two lines (DIF and DEA), which may indicate the beginning of a potential change in the trend.
4. Relative Strength Index (RSI): The current RSI value is 39.0413, indicating that the market is in a near oversold zone, and a bounce may be imminent.
In general, there are signs of stabilization with a possible bounce if the current support holds. If the price breaks the current support level of 0.7174, an additional decline may follow.
