Beldex price has remained in the red despite the broader crypto market enjoying a strong upward trend. The coin is down by 5.1% in a week and is down by 4.2% on the monthly time frame. BDX price was down by 1.3% at the time of writing, with the 24-hour trading volume up by 21%. That points to rising selling pressure that could extend the coin’s downward pressure.
The coin has been struggling to hold above the $0.065 support and the current momentum could send it below that mark. Beldex coin price RSI is at 44 on both the one-day and four hour time frames, with the MACD below the signal line. Beldex is built to merge the powers of AI and DePIN (Decentralised Physical Infrastructure Network), but its utility has not picked up momentum in the market. That has weakened the demand for BDX coin.
Market bellwether, Bitcoin has gained 23% in the last month, with the crypto market capitalisation hitting $3.3 trillion. Furthermore, the CoinMarketCap Fear and Greed Index reads “Greed”. However, that sentiment has seen investors inclined more towards accumulating BTC, altcoins and meme coins with proven profit history. As a result, Beldex coin’s -16.2% year-to-date returns presents a weak proposition in the current market.
Beldex Price Prediction
The momentum on BDX price signals control by the sellers below the pivot mark at $0.065. The coin will likely go lower to find the first support at $0.064. Breaking below that level will signal a stronger downward momentum that could send the coin lower to test the second support at $0.063.
Conversely, breaking above $0.065 will trigger an upward momentum. With the buyers in control, the first barrier will likely be at $0.066. Breaking above that level will invalidate the downside narrative. An extended control by the buyers could send the BDXUSD pair higher to test $0.067.
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