Price analysis $BMT on May 30, 2025

1. Price situation:

• Current price: 0.1049 USDT (+5.22%).

• Highest price in 24h: 0.1168 USDT.

• Lowest price in 24h: 0.0988 USDT.

2. Technical indicators:

• EMA (Exponential Moving Average):

• EMA(7): 0.0993.

• EMA(25): 0.1024.

• The current price is above both EMA(7) and EMA(25), indicating a short-term uptrend is forming.

• RSI (Relative Strength Index):

• RSI(6): 71.49 (overbought zone).

• RSI(12): 53.47 (neutral).

• RSI(24): 42.29 (neutral).

• RSI(6) surpassing 70 shows high buying pressure, while there is a risk of correction if the market cannot maintain upward momentum.

• MACD:

• The MACD line is positive (0.0019) and is crossing above the signal line. This is a positive signal for the potential continuation of price increase.

3. Trading volume:

• BMT trading volume in 24h reached 139.66M, showing significant interest from investors.

• The most recent green candle along with increasing volume reinforces the uptrend.

4. Overall assessment:

• Short-term trend: Up, but caution is needed as RSI(6) is in the overbought zone, making short-term corrections likely.

• Important support: 0.0988 USDT (lowest price in 24h).

• Next resistance: 0.1168 USDT (highest price in 24h).

5. Trading strategy:

• If you have bought: Consider holding as long as the price remains above EMA(25). Monitor the resistance level of 0.1168 to take profit.

• If you want to buy: Wait for the price to correct close to EMA(7) or the support area around 0.1000 before buying.

• If you want to sell: Consider selling a portion if the price does not exceed 0.1168 and RSI remains in the overbought zone.