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The BinaryX price soared 54% in the last 24 hours to trade at $1.6901 as of 4:43 a.m. EST on trading volume that surged 412% to $663 million.
This comes ahead of the BinaryX rebranding, with BNX changing to FORM on March 21, with major exchanges facilitating the shift.
📢 Reminder for the Four (formerly BinaryX) Community!
The $BNX to $FORM transition is happening across exchanges! 🚀
🔹 On March 17, Gate will set BNX perpetual contracts to reduce-only mode.
🔹 On March 18, Binance, Gate, MEXC, Coins, and Bitget will delist BNX spot trading… https://t.co/mkuD10aL8o— Four (@binary_x) March 17, 2025
The BNX token has soared in the last month, recording an 85% increase. Can this trend continue?
BinaryX Price On A Sustained Bullish Breakout
The BNX price action on the 4-hour timeframe indicates a clear bullish trend.
The BinaryX price has surged past resistance levels, breaking through a key support area of around $0.80. After consolidating above this support zone, BNX experienced a parabolic rally, reaching a high of approximately $1.97 before retracing slightly, as data from GeckoTerminal shows.
The 50-day Simple Moving Average (SMA) has moved above the 200-day SMA, forming a golden cross. This bullish crossover typically signals a long-term uptrend; in this case, it preceded the sharp price increase.
Meanwhile, the price of BinaryX trades above both the SMAs, indicating that the asset is on a bullish rally.
The Relative Strength Index (RSI) currently stands at 72.56, which is overbought, a sign that BNX is under intense buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming bullish momentum. The histogram is positive and expanding, indicating increasing strength in buying pressure.
BNX/USDT Chart Analysis (GeckoTerminal)
BNX Price Prediction
Based on the BNX/USDT chart analysis, the BinaryX price has the potential to continue its upward trajectory.
If the price of BNX sustains above $1.60, it could reattempt a push towards the psychological resistance level of $2.00. A successful break above $2.00 could open doors for a continuation towards $2.50 and beyond.
Conversely, if BNX retraces, key support levels to watch are $1.40 and $1.10 (which aligns with the 200-MA). A drop below $1.00 would invalidate the bullish trend and could result in a deeper correction, with $0.85 acting as a cushion against downward pressure.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) that gives away BTC.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Nears $4 Million
Investors are pouring funds into the BTC Bull Token presale at a record rate, with over $3.7 million raised since its launch a month ago.
BTC Bull Token is closely tied to Bitcoin’s growth trajectory. As Bitcoin hits key milestones, BTC Bull Token holders will be rewarded.
The first Bitcoin airdrop will be distributed when Bitcoin reaches $150,000, with further airdrops planned for every subsequent $50,000 increase.
This innovative model allows investors to benefit from Bitcoin’s potential growth while participating in a new token offering.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition, each $25,000 move higher in Bitcoin’s price after $100k will trigger a BTCBULL token burn, making the meme coin more scarce and further strengthening the bull case for the BTCBULL token.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 115% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002415 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 2 days to secure the best deal.
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