2025-3-17 21:15

The BNX price absolutely took the show this weekend as it skyrocketed around 40% today, now trading around $1.50.

Analyst ‘Chest Trading’ who has over 300k followers on X weighed in on the situation around BNX.

BNX Price Surge Follows Technical Breakout

The BNX price broke through the $1.30–$1.35 resistance zone and now trades at $1.50. This breakout matches what traders call an Inverse Head and Shoulders pattern, which often signals higher prices ahead.

The price pushed well above its normal trading range shown by Bollinger Bands. If you’re watching key price levels, keep an eye on new resistance around $1.60–$1.70 where some traders might take profits. The old resistance at $1.30–$1.35 should now act as support if the price drops back.

Trading volume jumped significantly during this move, showing strong buyer interest. The price sits well above its 200-day moving average with shorter averages pointing up. Technical indicators suggest the coin might be overbought short-term, so a small pullback wouldn’t be surprising before any further climbs.

$BNX this chart is wild. Now working on I-HnS continuation, neckline test https://t.co/G9IEkQeQtN pic.twitter.com/2TBIGtdtKv

— Cheds Trading (@BigCheds) March 16, 2025

If the upward push continues, BNX could reach $1.60–$1.70 before hitting its next major hurdle. A healthy scenario would be a small drop to $1.35 followed by another move up, which would confirm the breakout’s strength.

We looked through X and BinaryX’s official accounts but didn’t find any major updates, new exchange listings, or announcements that would explain this price jump. Even without news, trading volume shot up over 50% today. This suggests the price move comes from technical trading patterns and market mood rather than any project updates.

Read also: Can XRP Price Hit $7? The Truth About Ripple That No One Is Talking About!

What is BinaryX?

BinaryX is a gaming platform built on blockchain that mixes gaming with finance and digital collectibles. It started as a trading platform but switched to gaming in 2021. Its popular games include CyberDragon, CyberChess, and CyberLand, all running on the BNB Chain. Players can earn money by playing, own digital items, and help make decisions about the platform through the BNX token.

The platform lets players earn BNX tokens by playing games like CyberDragon and CyberChess. Players complete quests, battle enemies, or lock up assets to earn rewards. The marketplace lets users buy and sell in-game items like characters and equipment. BinaryX also uses a special system that makes transactions faster and cheaper for gaming projects.

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