Price analysis $BMT on June 09, 2025

1. Technical analysis:

• Current price: 0.1157 USDT, down 7.14% compared to the previous session.

• EMA (Exponential Moving Average):

• EMA(7): 0.1163

• EMA(25): 0.1074

• The current price is trading below EMA(7), indicating increasing selling pressure in the short term.

• RSI (Relative Strength Index):

• RSI(6): 55.06

• RSI(12): 55.76

• RSI(24): 48.97

• RSI values are at neutral levels, neither overbought nor oversold. However, RSI is gradually decreasing, which may indicate weakening upward momentum.

• MACD (Moving Average Convergence Divergence):

• DIF: 0.0042

• DEA: 0.0004

• MACD(0.0038) is positive and the histogram is positive but small, indicating weak growth signals. There is a risk of reversal if upward momentum is not maintained.

2. Trading volume:

• 24h volume: 31.61 million BMT and 3.84 million USDT.

• Volume increased in previous sessions but slightly decreased in the recent session, indicating cautious market sentiment.

3. Trend observations:

• The price chart is currently in a correction phase after reaching a short-term peak (0.1254).

• The nearest support level: 0.1154 (lowest price in 24h).

• If this support is broken, the price could return to the old low around 0.0721.

4. Trading strategy:

• Short-term: It is advisable to monitor price reactions around EMA and RSI levels. If RSI drops below 50 and MACD turns negative, consider selling. Conversely, if the price bounces back above EMA(7), a buy signal may appear.

• Long-term: Consider additional fundamental factors of the project (BMT) and market sentiment.