BNTUSDT Forming Bullish ContinuationBNTUSDT (Bancor/USDT) has recently broken out above a major resistance zone that previously acted as a supply area, which is now expected to serve as a strong support base. The breakout is supported by consistent bullish candles and increasing volume, hinting at institutional interest or strong retail buying. The clean break and consolidation above the $0.75 level provide a solid technical foundation for further upside movement. The current price structure aligns with the characteristics of a bullish continuation setup.
As depicted in the chart, the pair is showing potential for a gain of approximately 30% to 40% in the short-to-medium term. The recent price action forms a classic breakout and retest pattern, indicating buyers are stepping in after confirming the breakout zone as support. These technical formations are often followed by impulsive upward moves, especially when volume supports the trend.
Market sentiment surrounding BNT is improving, likely driven by broader ecosystem developments or renewed interest in DeFi protocols. If momentum continues and the current bullish structure holds, BNTUSDT could surge towards the $1.15 area, as projected by the breakout target shown in the chart. This target also aligns with previous structural highs, which may act as the next resistance zone.
Given its technical strength, investor interest, and a favorable risk-to-reward ratio, BNTUSDT stands out as a solid opportunity for trend-following traders. It's wise to monitor volume and any macro crypto market catalysts, as they could accelerate the move or provide added confirmation.
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