💎 BNT has garnered significant attention in the market, notably after successfully reclaiming and breaking out of the resistance area. However, before continuing its upward momentum, BNT is likely to undergo a retesting phase around the $0.85 support level.
💎 There is a high probability that following this retest, we may witness a substantial upward movement, with the next target being the resistance area.
💎 However, if BNT fails to bounce off the support level during the retest, it could signal a concerning development. This failure may indicate that the support has been compromised, potentially leading to a retest of the demand area.
💎 If BNT fails to elicit a positive response from the demand area, such as a lack of bounce, it could pave the way for a breakdown below the demand level, resulting in further downward movement.