Forecast$BNX

/USDT based on technical analysis

Current situation:

Price: 0.9524 USDT (+0.84%)

24-hour high: 1.0349 USDT

24-hour low: 0.8278 USDT

EMA (7): 0.9488

EMA (25): 0.9401

EMA (99): 0.9167

RSI (6): 38.43 (approaching oversold zone)

MACD: slight bearish signal (-0.0052)

Trend and potential price movement:

The price is currently above the EMA(7), EMA(25) and EMA(99), indicating a positive trend.

RSI (6) at 38.43 – not yet oversold but indicating a possible bounce.

MACD is showing a slight bearish signal but no clear downtrend yet.

Key levels:

Resistance: 1.03 USDT (recent local highs)

Support: 0.91 USDT (99 EMA area) and 0.83 USDT (24-hour low)

Forecast:

If price consolidates above 0.95 USDT, a move to 1.00-1.03 USDT is possible.

If not, 0.91 USDT may be tested as support.

High trading volume indicates an active market, which may contribute to volatility.

Recommendations:

Short-term trading: watch the 0.95 USDT level – if it holds, growth is possible.

Long-term investing: pay attention to the overall market, as BNX is prone to fluctuations.

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