Price analysis $BMT on June 6, 2025

1. Current infrastructure:

• Current price: 0.1263 USD, up 2.02% in the last 24 hours.

• Trading volume: 96.85 million BMT.

• Nearest resistance and support:

• Resistance (highest price in 24h): 0.1268 USD.

• Support (lowest price in 24h): 0.1179 USD.

2. Technical indicators:

• EMA (7 and 25): The current price is above both short-term (7) and medium-term (25) EMA lines, indicating a short-term upward price trend.

• RSI (6, 12, 24):

• RSI(6): 76.8 (overbought area), likely to see a short-term correction.

• RSI(12, 24): In the neutral zone but trending upwards.

• MACD:

• The MACD line crosses above the signal line (DEA), signaling a potential upward price trend.

• Small positive histogram, indicating weak upward momentum.

• Trading volume (VOL): Recent volume shows signs of increase, supporting the upward price trend.

3. Short-term forecast:

• If trading volume continues to increase, the price may break resistance at 0.1268 USD and move towards the range of 0.13–0.135 USD.

• If RSI remains in the overbought zone without significant downward correction, profit-taking pressure may occur, pulling the price back to support 0.1179–0.12 USD.

4. Proposed strategy:

• Short-term:

• Look to buy if the price corrects to the support range of 0.1179–0.12 USD, with a target of 0.13–0.135 USD.

• Take partial profits if the price exceeds 0.13 USD.

• Long-term: Monitor MACD and trading volume to assess sustainable upward momentum.

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