The price of $BMT has fallen below the 7-day moving average ($0.07467) and the 30-day moving average ($0.0797). The Relative Strength Index (RSI) is at 39.74, which is close to the oversold zone. The MACD histogram has turned negative (-0.0001722), indicating a bearish trend.
What this means:
- The bounce from the Fibonacci retracement level of 23.6% ($0.0933) on July 31 created resistance. The current price ($0.0708) is testing the support level at $0.0713.
- If the support at $0.0713 does not hold, a pullback to the 2025 low of $0.0681 is possible.
Key level to watch:
$0.0713 — a sustained breakout below may trigger automatic sell-offs.
