BinaryX (BNXUSD) Price Rises, Retarding the Bearish Moves

BinaryX (BNXUSD) Price Forecast: March 14

BNXUSD price rises today again, retarding the bearish movement. The crypto remains in an uptrend and is trading close to the upper resistance area. Thus, if the coin closes above the current level at the $1.332 previous high mark, the accelerated buying pressure may increase the coin price to reach the $1.350 upper resistance level, triggering a flurry of interest among investors.

Key Levels:
Resistance Levels: $1.230, $1.231, $1.232
Support Levels: $0.952, $0.951, $0.950

BNX (USD) Long-term Trend: Bullish (4H Chart)

BNXUSD price rises, retarding the bearish moves as it remains bullish on the higher time frames. The prices are above the moving average line, indicating an uptrend.
Despite the inflows from the sell traders, the coin price is likely to continue and remain in an upward trend, but either way, the pair looks quite bullish here.

The coin has been trading above the supply levels which made it easier for the price to remain in an uptrend in its recent high.

Today, the BinaryX pair rises to a $1.093 resistance level above the EMA-50 as the 4-hourly session opens, retarding the bearish moves. Thus, more upsides are possible as buyers clustered around the market.

Therefore, a bullish breakout from the current resistance could trigger the recovery pattern and drive the prices of BNXUSD higher to hit the $1.332 prior supply value.

Additionally, under the influence of this market level, the coin price could rise steadily and break up the previous high at $1.332 level to reach the $1.350 upper resistance level soon as we watch the crypto rises, retarding the bearish moves in the long-term perspective.

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

On the 1-hour chart, the BinaryX pair is rising against the bearish move despite the interference of short-term traders in the price flow. The coin price is progressing above the moving average, indicating that buyers are gaining more strength in the market.
The sustained bullish pressure to a $1.023 high level in the last session has led to the coin’s recent high.

Following the recent correction shortly after today’s 1-hourly chart opens, the buying team has decided to shift the trend upward.

The current price of BinaryX at a $1.093 high level above the EMA-50 indicates the token price is rising while retarding the bearish moves as the bulls remain dominant.

The market is reacting to this pattern, and its breakout should provide a good buy entry opportunity for interested traders. Hence, the investors buying at this supply can expect sustained growth above the $1.283 resistance point.

At the writing time, the BNXUSD price signal is pointing upwards, indicating a bullish move. In this case, the crypto price could hit the $1.350 supply mark sooner in its lower-term outlook.

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