BNT/USDT Reject on the demand. The next Pump is coming!

💎 BNT has certainly piqued our curiosity. After a robust surge, breaking past the supply accumulation zone, BNT faced a setback at a formidable supply region, leading it to swiftly retrace to the demand zone between $0.5 and $0.48.

💎Following this retracement, BNT showcased bullish candlestick patterns, hinting at a potential upward continuation and successfully surpassing nearby resistance. For potential entry points, it's advisable to monitor BNT's behavior upon retesting the support, preferably on shorter time frames like 1h-4h.

💎 On the flip side, if BNT exhibits a false breakout and settles below the current support, it might retrace back to the aforementioned demand zone. This zone plays a pivotal role in preventing BNT from slipping back into its accumulation phase. However, if BNT fails to hold its ground within this demand zone, there's a likelihood of it descending further towards a more substantial support region.