Yigit Taha OZTURK 
One of the most noteworthy surges in the crypto market lately is seen with BNX. Breaking the downtrend on the daily chart, BNX is now at a critical zone. So, can BNX break the 1.30$ resistance, and what’s the next move? Here’s a detailed analysis…
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BNX has experienced a significant upward movement after breaking the downtrend on the daily chart and is currently facing a crucial test at the 1.30$ FVG (Fair Value Gap) region. This level still holds as a major resistance. If 1.30$ is breached, we could see BNX moving toward 1.50$-1.70$ levels. These price levels stand as critical targets for investors.
On the other hand, BNX‘s support levels have also been clearly outlined. The first support is the upward FVG level just below. If this level is lost, the next support is the 0.827$ price level. This would mark a possible new entry point for investors looking for buy opportunities.
Currently, the 1.30$ level stands as the key pivot point for BNX‘s direction. If the price manages to break through this resistance, BNX could gain significant momentum. However, a pullback at this level could signal a weakness in the current trend, potentially dragging the price down to lower levels.
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