BinaryX (BNX) lived up to its recent bullish rating, adding more than 32% to its market value in the last 24 hours.
Per data from CoinMarketCap, the GameFi token is currently trading at $1.68, up from its previous $1.27. BNX broke its $1.40 resistance level on Feb. 24 and surged by more than 30.7% in just under an hour to hit a high of $1.83. Consequently, the token showed signs of correction, shedding some of its gains to end the day at $1.49.
At $1.68, BinaryX is still trading close to its 24-hour high. The token’s trading volume in the period was $332.6 million, per CoinMarketCap.
Token split fuels bullish charge
Analysts have credited BNX’s нахаленост to its Feb. 23 token split event to increase the overall quantity of BNX. In the token split, one old BNX was traded for 100 new BNX tokens because the division was done on a 1:100 ratio.
Source: https://crypto.news/binaryx-shows-bullish-intent-with-32-price-rise/