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MyCryptoParadise
Jan 31, 2024 2:51 AM

BNT/USDT Potential Bounce and back to testing on the resistance! 

Bancor / TetherUSBinance

Description

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💎 BNT has recently seen noteworthy developments in the market. Presently, BNT is in a consolidation phase within the support zone.

💎 There is potential for a bounce from this support zone, with the next target being the resistance area at 0.842.

💎 The resistance zone holds key importance, as a successful breakout probability could lead to a relatively straightforward path toward reaching our short-term target at the bearish OB area.

💎 However, if BNT fails to sustain its price above the support zone, resulting in a breakdown, this would signify a bearish trend. In such a scenario, the price would likely continue its downward movement, potentially returning to the strong support area.
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