BNX
BNX/USDT Market Overview
Current Price: $1.7238
24h Change: +14.00% (Strong bullish momentum earlier but now retracing)
24h High/Low: $2.0000 / $1.3421
15-Minute Chart: Sharp rise to $2.00, then a correction and recent bounce from $1.60
Volume: High initially, but declining—suggests cooling momentum
Wm %R (14): -30.98 (Near overbought zone, meaning possible resistance soon)
Prediction (Short-Term)
If $1.74-$1.75 holds as support, price may retest $1.80-$1.85.
If $1.70 breaks down, we could see another drop toward $1.60-$1.55.
Trading Strategy
Long (BUY): If price holds above $1.74, targeting $1.85-$1.90.
Short (SELL): If price fails to hold $1.70, targeting $1.60-$1.55.