Brief Analysis ——BNX
Today we selected 3 NFT-related tokens which have listed on Binance. They are APE, RARE and BNX.
The price of BNX fell after the listing, the bulls was far behind the bears, and the high point of the rebound was lowered. In early June, BNX fell to a new level. The subsequent rebound was so small that it looked more like a fluctuation. After a short-term rise, there was a long-term fall. This feature is similar to meme coins. The price moves in black angle, each high is lower than the previous one. And the volatility decreased. These confirm the bearish signal.
Conclusion: Mostly falling. BNX remains bearish on a large scale. Although the slope of the fall has lowered recently, the bulls have not strengthened and the price is approaching the lower rail of the black angle. So we come to this conclusion. We set resistance level at 0.330 and support level at 0.212.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The price of BNX fell after the listing, the bulls was far behind the bears, and the high point of the rebound was lowered. In early June, BNX fell to a new level. The subsequent rebound was so small that it looked more like a fluctuation. After a short-term rise, there was a long-term fall. This feature is similar to meme coins. The price moves in black angle, each high is lower than the previous one. And the volatility decreased. These confirm the bearish signal.
Conclusion: Mostly falling. BNX remains bearish on a large scale. Although the slope of the fall has lowered recently, the bulls have not strengthened and the price is approaching the lower rail of the black angle. So we come to this conclusion. We set resistance level at 0.330 and support level at 0.212.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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