$BMT fell by 3.23% to $0.0244, testing its historical low due to strong selling pressure confirmed by the negative MACD.
Unlock Pressure: The daily unlocks of over 1 million tokens are creating significant downward pressure, hindering price recovery.
Yield Opportunities: Binance Earn offers up to 22% APR on BMT, incentivizing holding and potentially reducing immediate sales.
Oversold Conditions: An extremely undervalued RSI (18.5) suggests a possible short-term rebound, although net capital outflows indicate cautious sentiment.
BMT Technical Outlook
The price is testing the historical low with a bearish MACD and EMA alignment.
The RSI is deeply undervalued at 18.5, indicating a possible short-term rebound.
The daily unlocks of tokens create significant selling pressure
