$BNX /USDT – STRONG RALLY, BUT REVERSAL SIGNS EMERGING? 🚨
📊 Current Price: $0.6781 (+31.26%)
📈 24h High: $0.7783 | 24h Low: $0.5108
🔥 BNX surged but now facing correction pressure!
🔍 Technical Analysis & Market Outlook
$BNX /USDT witnessed a sharp rally from $0.4722 to $0.7783, gaining over 31% in 24 hours. However, the price is now pulling back after hitting a local high, and Parabolic SAR has flipped bearish, indicating potential short-term downside pressure.
Key Observations:
✅ Strong Uptrend: The price showed a consistent rise, breaking key resistance levels.
✅ Resistance at $0.7783: Rejection from this level suggests profit-taking or weakening momentum.
✅ Support Holding at $0.6380: Bulls must defend this zone to prevent a deeper correction.
📉 Support & Resistance Levels
🔹 Immediate Support: $0.6380 – $0.6100 → Key demand zone for buyers
🔹 Major Resistance: $0.7158 – $0.7783 → Needs a breakout to push higher
🔹 Next Upside Target: $0.80 – $0.85 if bullish momentum resumes
📢 Market Sentiment & Strategy
Bullish Scenario: If BNX holds above $0.6380, it could stabilize before a new breakout attempt.
Bearish Scenario: Losing $0.6100 could lead to a retracement towards $0.5600.
Pro Tip: Watch for buying volume increase—a strong bounce near support can confirm trend continuation!
⚡ Will $BNX reclaim its highs, or is a further dip incoming? Share your thoughts below!