#VIRTUALWhale 🚀 $BNX

/USDT Technical Analysis – February 22, 2025 🚀

Current Price: $1.17 (+7.10%)

24H High: $1.3333

24H Low: $1.0821

RSI (6): 41.91 (Neutral Zone)

Volume: 109.77M BNX / 134.07M USDT

📊 Market Overview:

BNX has shown strong momentum, gaining over 7% in the last 24 hours. The price is currently hovering around $1.17, indicating a potential breakout or consolidation before the next move. With a 24H high of $1.3333, bullish sentiment is building, but resistance levels need to be closely watched.

🎯 Target 1 – $1.30 (Short-Term Resistance)

If BNX maintains its current upward trajectory, breaking through the $1.30 resistance level could lead to further gains. Traders should watch for increased buying volume at this level to confirm a bullish breakout.

🎯 Target 2 – $1.50 (Key Psychological Resistance)

A successful breakout above $1.30 could see BNX testing the $1.50 mark. This is a crucial level, as it aligns with historical resistance. If buying pressure remains strong, BNX could sustain above this level, signaling a potential trend continuation.

🎯 Target 3 – $1.75 (Major Breakout Level)

If BNX manages to surpass $1.50 with strong volume, the next major resistance lies around $1.75. Breaking this level could lead to a sustained bullish trend, possibly pushing BNX towards new highs.

⚠️ Key Support Levels: $1.08 (Short-Term), $1.00 (Psychological), $0.95 (Strong Support)

📌 Trading Strategy:

Bullish Outlook: Look for a breakout above $1.30 with strong volume before entering long positions.

Bearish Outlook: If BNX drops below $1.08, a retest of the $1.00 support is likely. Watch for RSI and volume confirmations.

🔎 Conclusion:

BNX/USDT is at a critical point. If bulls maintain momentum, $1.30 and $1.50 could be reached soon. However, traders should monitor volume and RSI for confirmation before making decisions. Stay alert and trade wisely!

💬 What’s your BNX price prediction? Share your thoughts below! 🚀📈 #Binance #BNX #CryptoTrading #TechnicalAnalysis