The gaming token $BNX is seeing a dramatic shift in price action, currently trading at $0.9572 (+33.15%), with a 24H high of $1.0914 and a low of $0.7153.
With only a few days left before its suspension on March 18, 2025, the market is watching closely.
Will BNX rally toward $1.5, or is another dip to $0.60 on the horizon?
Technical Analysis: Bulls Taking Control
$BNX has broken out of its recent downtrend and is now testing key resistance levels. Currently, the token is forming a potential bullish setup:
✅ Support at $0.8891 – A strong base for buyers.
✅ Next resistance levels at $1.0263 and $1.1607 – A breakout above these could push BNX higher.
✅ Uptrend gaining momentum – If buyers keep stepping in, BNX could aim for $1.5 before the rebranding event.
Risk Factors: Volatility Ahead🚨
⚠️ Suspension Notice – Binance will suspend BNX trading on March 18, 2025, for redenomination to FORM. This event may lead to extreme volatility.
⚠️ Bearish Pressure Still Present – If BNX fails to hold support, a rejection could push the price back toward $0.80 or lower.
Trade Setup: Opportunity or Trap?
• Bullish Scenario: A clean breakout above $1.0263 could trigger a move to $1.2, with $1.5 as an extended target.
• Bearish Scenario: If $BNX loses $0.8891 support, the price could slide toward $0.75–$0.60.
Final Thoughts: High-Risk, High-Reward Play?
With just days left before suspension, BNX is in a high-volatility zone. A breakout could send it soaring, but the risk of a fakeout is real.
Traders should watch volume and key levels closely—this could be a massive opportunity, or a trap waiting to catch late buyers.
What’s your move? Will BNX hit $1.5, or are we heading back to $0.60? 🚀👇
