BinaryX (BNXUSD) Holds Firm above Supply Trend Levels

BinaryX (BNXUSD) Price Forecast: February 10

The BNXUSD price is recovering and also holds firm above the supply levels, even as the broader crypto market reels from intense volatility. The coin price sends a clear bullish signal, trading above the EMA line, indicating buyers are making solid progress. Should the daily candlestick close above the $1.68 supply mark, a corrective upward move might follow, extending the correction phase to meet the resistance at the $1.80 trend line, backed by increasing trading volume and investors’ interest.

Key Levels:
Resistance Levels: $1.60, $1.62, $1.64
Support Levels: $0.45, $0.43, $0.41

BNX (USD) Long-term Trend: Bullish (Daily Chart)

The BinaryX pair remains and holds firm above the supply levels in its long-term outlook despite the inflows from the sell traders. However, the upward trend will likely continue following the increasing volume of the bulls.
The price bar is above the moving averages, indicating an uptrend. The coin price has walked a lateral path, trying to sustain above the $0.50 supply level.

The sustained bullish pressure to a $0.37 high value in the last session also contributed to the crypto price going long in its recent high.

The BNXUSD price holds firm above the supply levels at $0.58 as the daily chart opens today, trying to replenish the bullish momentum. Thus, if this bullish growth pattern is steady, an established uptrend to the $1.68 prior level will be achieved.

Additionally, due to an upward momentum shown by the price indicator, BinaryX might continue to hold firm above the supply level and could expose the coin price to the $1.80 upper high level in its long-term outlook.

BNX (USD) Short-term Trend: Bullish (1H Chart)

Amidst the recent surge in the market, the BNXUSD pair holds firm above the supply levels in its short-term outlook. The crypto is trading in bullish momentum as the coin price is above the supply levels due to the high inflows from the buy traders.
The bullish impact on the token at a $0.38 supply level in the last few hours has sustained its firmness above the supply levels in its recent high.

Today, the bulls moved upward to the $0.50 high value above the moving average lines as the 1-hourly chart opens.

The BinaryX price looks promising as the bulls remain dominant and hold the market price above the supply levels. If the bulls increase their price action and bullish momentum is sustained far above the $0.63 resistance trend lines, further bearish sentiment will be held.

Notably, the BNXUSD price may remain above the supply level, as shown by the daily signal pointing upwards. Therefore, the new bullish momentum could hit the $1.80 upper resistance trend line soon in its short-term outlook.

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