$BMT
Is the upward explosion continuing? Or is a correction coming?
🔍 Comprehensive technical analysis reveals the secrets of the upcoming movement!
📈 Entry points and smart buying + RSI and MACD signals
🔥 Don't miss the opportunity – read the analysis before any decision!
📊 Current Situation
Current price: 0.13038 USD (down ~0.06% during the session)
Today's range between 0.1249–0.1464 USD shows significant volatility, indicating high trading activity.
Trading volume over 24 hours is around 90–95 million dollars, with a volatility rate of ~25% daily.
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🎯 Support and Resistance
Near resistance: at 0.146–0.147 USD, which is the peak of today's range. Breaking it may push the price towards 0.17–0.18 USD.
Key support: ranges between 0.125–0.126 USD (today's low) with additional support at ~0.11 USD as previously indicated.
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🔍 Technical Indicators
Short to medium-term trend: oscillating between sideways and slight decline, with slight negative pressure during the session, and needs to break resistances to confirm otherwise.
Trading momentum: high, with strong fluctuations and significant volume movement. This indicates active participation from traders, but alongside risks of sudden profit-taking.
RSI and Gate.io assumptions: It was previously indicated that BMT entered the “overbought” zones (RSI > 70), signaling a potential implicit correction.
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🚀 Strengths
Binance listing (done 3 months ago) contributed to a 30% increase in one day after listing, boosting cash coverage and trading.