BNX/USDT Technical Outlook
BNX is showing impressive momentum, up +15.18%, pushing towards its 24H high of 0.7187 USDT. After bouncing from the 0.6009 USDT low, the price is now consolidating around 0.6965 USDT. The 0.6009 USDT level serves as strong support, while 0.7187 USDT is the key resistance to watch.
For traders, a solid entry strategy would be to consider buying on pullbacks near the 0.6792 USDT area (7-period MA) for a low-risk entry or wait for a clear breakout above 0.7187 USDT to ride the bullish trend higher. With significant volume of 25.32 million BNX, the market is full of potential, but volatility could spike near resistance, so it's crucial to manage risk effectively. Keep an eye on price action and volume for further confirmations.
