$BNT has seen a 4.162% drop in the past 24 hours, reflecting a broader downtrend in the cryptocurrency market. With the price bouncing between the Bollinger Bands (0.6945 - 0.7243), the lower band aligns closely with support at 0.6958, suggesting potential rebound points, albeit within a weakening market structure. The absence of significant Bitcoin correlation limits its influence, yet macroeconomic pressures like inflation and regulatory uncertainty might hinder recovery. Given current volatility, a short-term trading strategy could be appropriate as traders look to capitalize on potential reversals off support, but caution is advised due to the prevailing downtrend. Ultimately, market sentiment is shaky, and careful monitoring is essential for navigating BNT's price action.

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