BMT keeps flying: +36% in a red session, the only token to hit a new high today while
$BTC is down
If you read my analysis of BMT on 20/10, you’re counting your profits by now — it’s gone from 0.0196 when I wrote that post to 0.0294, nearly +50% in 3 days. This isn’t luck; the chart gave us a heads-up.
Why is it still climbing? On 20/10, BMT broke through the 0.01965 resistance with volume, and EMA20 crossed above EMA50, confirming the uptrend. Today it retested the EMA20 cluster (0.0264) and bounced hard — 24-hour volume is 16 million USDT, and money is still flowing in. This isn’t the kind of move where it pumps and then dumps.
The 1H RSI is at 73.4, nearing overbought territory. Price is right up against resistance at 0.0298 — this is the deciding point. Strong support: the EMA20 cluster at 0.0264, with the 0.0156 low further below.
2 scenarios for the next 18 hours (watch the chart):
- Bullish: decisively break 0.0298 with volume, with 0.0304+ as the target if the breakout momentum continues.
- Bearish: get rejected at 0.0298 and return to test EMA20 at 0.0264 — if EMA20 breaks, the short-term trend is lost.
One thing to be careful about:
$BTC 81,889 (-1.25%) is in the red. Altcoins have been sinking all session while BMT flies solo — going against the market shows strength, but it can also reverse quickly if BTC makes a move. RSI is already above 70, so FOMO-buying around 0.029–0.030 is very risky; wait for a resistance break confirmed by volume or for a retest of EMA20.
Data analysis, not investment advice.
#crypto #altcoin #BMT #binance