$BMT BMT Trendline Break Attempt

$BMT is testing a descending trendline that has acted as resistance since its local peak earlier this month. Multiple rejections near $0.081 have prevented the token from advancing, but current momentum looks stronger than previous attempts.

If bulls manage to break this trendline with convincing volume, the move could extend quickly toward $0.090–$0.095, where heavier resistance awaits. Breakouts of long-standing trendlines often trigger strong upside follow-through as short sellers cover positions.

The technical indicators are aligning with this scenario. RSI on the 4H is trending upward toward 60, reflecting strengthening momentum. MACD has printed a bullish cross, with histogram bars expanding positively. Moreover, OBV shows consistent accumulation despite recent sideways action, a sign of hidden demand.

From a chart perspective, the token continues to form higher lows, suggesting bulls are gaining control gradually. As long as the base at $0.075 remains defended, the market structure stays constructive.

That said, risk remains if the breakout attempt fails again. A rejection at $0.081 without sufficient volume could push price back to $0.075 and potentially lower. Traders must monitor confirmation signals before committing to breakout trades.

Overall, bmt is at a technical turning point. A successful break of its trendline could unlock higher targets, while failure risks a deeper retest of demand zones.

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