BNT +53.18% in 24 Hours Amid Sharp Short-Term Rebound

On SEP 1 2025, BNT surged by 53.18% within the past 24 hours, reaching a price of $0.7554. This sharp intraday rise came despite a steep 7-day decline of 536.59%, and a 66.03% drop over the past month. The coin, however, remains in a strong long-term uptrend, having appreciated by 1218.99% in the last year. The dramatic short-term reversal highlights the high volatility and potential momentum in the asset class.

The recent 24-hour rally reflects a sudden influx of bullish positioning among traders. While the coin has faced prolonged downward pressure in the near term, the sharp price correction appears to have triggered a wave of short-covering and speculative buying. This suggests that traders are reassessing the value proposition of BNT, especially in the context of broader market conditions and its historical price trajectory. The move, while volatile, does not indicate a fundamental shift in the asset’s long-term trend.

Technical indicators suggest the recent surge may be driven by algorithmic trading and a narrowing range of volatility. The 20-period and 50-period moving averages have been trending downward for several weeks, but the recent price action has begun to test these lines from below. A potential breakout above the 20-period moving average could serve as a key confirmation signal for a short-term reversal. Analysts project that the current price action could indicate early-stage momentum, though caution remains warranted due to the extreme volatility and high drawdowns in recent weeks.

The market is closely watching whether this short-term rebound will solidify into a broader trend. The 1218.99% increase over the past year suggests that the asset is still in a long-term accumulation phase, despite the recent sharp sell-off. A key focus for traders is the psychological level of $0.80, which represents a potential resistance zone and a critical point for confirming bullish sentiment. If the coin can hold above this level, it could signal the start of a new uptrend after a protracted correction phase.