FREE BNX/USDT ANALYSIS
One of those coins with a positive tendency
- Yello, ladies and gentlemen !
BNX has been able to defend strong support at $93, after which a new higher high has been printed. Is this a strong bullish sign or we are about to see a downtrend?
Based on the price action, the uptrend remains valid as long as the recent lower low at 104.70 is respected. On the chart, we can see the critical demand level at 115.83, where the most trading volume has occurred during the past two months.
While the probability of an uptrend remains high, a pullback towards the 115.83 support can take place. This is where bulls are likely to step in and fight for the uptrend. In case bulls win this battle, BNX can be heading towards the resistance trendline, near $150, giving a 30% increase.
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