#BNX/USDT Technical Analysis & Trade Setup (March 15, 2025)**

#### **Market Overview**

- Current Price:** $1.0412

- **24H High:** $1.0808

- **24H Low:** $0.8066

- **24H Change:** +27.44%

- **Volume (BNX):** 52.39M

- **Volume (USDT):** 49.37M

- **Rebranding Notice:** BNX will be rebranded to FORM on **March 18, 2025**

#### **Price Action & Trend Analysis**

The 1-hour chart shows a strong uptrend after bouncing from **$0.8060** (local low).

Price broke above resistance at **$0.9974** and is now consolidating near **$1.0412**.

**Key Resistance Levels:** $1.0664, $1.1197

**Key Support Levels:** $0.9974, $0.9283

#### **Trade Setup**

**Bullish Scenario**

If price holds above **$1.0412**, next target is **$1.0664**.

A break above **$1.08** could trigger a rally towards **$1.12**.

Entry: Buy on a retest of **$1.02 - $1.04**, with stop-loss at **$0.9974**.

**Bearish Scenario**

If price rejects **$1.0412** and breaks below **$0.9974**, expect a retest of **$0.9283**.

Entry: Short below **$0.9974**, with stop-loss at **$1.05** and target **$0.92**.

#### **Momentum & Indicators**

RSI suggests overbought conditions after a sharp move up.

High volume confirms bullish momentum, but volatility is expected due to upcoming rebranding.

#### **Final Thoughts**

Short-term bullish bias, but caution is needed due to the **rebranding event on March 18**.

Consider tight stop-losses due to potential **high volatility** in the coming days.

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