Binary (BNX) was on a wild trip, where he jumped 63.58 % over the past 24 hours, making him the highest winner in the encryption market today. The trading volume exploded, an increase of 229 %, which indicates a serious interest in merchants. When writing, the BNX price sits at $ 1.96. The distinctive symbol has been pumped since yesterday, and now we have finally some answers about the reason for this.
It turns out that BNX moves to a new symbol called the model, and exchanges are preparing for the big transformation. This was nothing we could confirm in yesterday’s article, but now everything is in the open.
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What happens with BNX to form an exchange?
Binaryx has officially announced that BNX holders will not have to do anything – the swap will automatically occur in the supported exchanges. This is the schedule:
- On March 17, Gate.IO sets permanent BNX contracts to reduce the situation only.
- On March 18, Binance, Gate.IO, Mexc, Coins and Bitget will delete Bnx Spot Trading to prepare for the transfer.
With this main transformation, traders appear to accumulate in BNX, either to arrest the noise or put themselves before swap.
Also read: Piots of Pi currency prices for today (17 March)
BNX PRICE: Breakout and Bullish Momntum
Looking at the BNX PRICE chart, the distinctive symbol of falling the drilling pattern in early February – a classic bi -up preparation. Since then, the price has been moving in a channel. The resistance meets about $ 1.80-2.00 dollars and finds support from $ 1.20 -1.30 dollars.
RSI at 68.55, which indicates that it approaches peak levels. If BNX is broken by more than $ 1.80, this may be about $ 2.50, but if it is struggling when resistance, it is possible to decline to $ 1.20.
What is the next for Binaryx Price?
With the transmission of the body around the corner, expecting short -term volatility. If you are holding BNX to exchange exchanges, you will not need to do anything – it will automatically turn. For merchants, all eyes On whether the BNX price can penetrate the resistance Or take a break after this huge term.
Either way, BNX steals the lights, and the next few days should be interesting.
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