BMT/USDT Rebounding from Strong Demand Zone Is a Major Breakout?

BUBBLEMAPS/TETHER

Complete and Insightful Technical Analysis:

The daily chart of BMT/USDT reveals a compelling structure for traders looking to capitalize on early-stage reversals and bottom entries. The price is currently consolidating within a strong historical demand zone, ranging between $0.069 $0.087 USDT a level that has previously triggered multiple significant rallies (March, May, July 2025).

This isn't just any support zone; it's a classic accumulation area, where bearish momentum appears to be fading and buyers are gradually stepping in.

Identified Chart Patterns:

Accumulation Range - Sideways movement within the highlighted yellow box suggests a potential base formation.

Double Bottom (W Formation) Potential A break above resistance would confirm this bullish pattern.

Wyckoff Spring Setup If a fake breakdown below support occurs followed by a swift recovery, it could signal a powerful trend reversal.

Bullish Scenario (Reversal in Play):

If the price continues to hold above the $0.069 support, it sets the stage for a strong bullish reversal. A confirmed breakout above $0.096 with high volume would validate the bullish thesis.

Upside Targets:

TP1: $0.096 USDT - Local resistance

TP2: $0.128 USDT - Previous key equilibrium zone

TP3: $0.144-$0.162 USDT - Historical resistance

TP4: $0.270-$0.290 USDT - Major range top

This structure provides the potential for a +200% upside move if momentum builds and resistance levels are broken sequentially.

▲ Bearish Scenario (Breakdown Risk):

If the price fails to hold above the demand zone and closes below $0.069, the bearish outlook takes precedence:

The next support sits at $0.063

$BMT DYOR NFA