Beldex (BDX) Coin Price Prediction: Market Rally Spurs Recovery After Three Days of Decline

Beldex coin price rose on Monday, leveraging the broader market rally to mount a recovery after three consecutive days of decline.

Beldex (BDX) price recovered from three consecutive days of decline on Monday, pivoting at $0.0792. The privacy-focused coin enjoyed a bid amid a broader market rally, which saw Bitcoin (BTC) hit a record-high.

The coin, which has been accumulating within a narrow range of $0.0780 and $0.0810 for much of the last month, is down -0.7% in the last week.

However, BDX coin price is still up more than 100% year-to-date (YTD), outperforming the broader market and several seven-figure market caps.

The coin, which is designed to offer users enhanced privacy and anonymity, has the potential to attract a new class of investors, especially in the wake of heightened interest in digital assets following Donald Trump’s second stint at the White House.

Moreover, the market seems to be pivoting towards utility, as opposed to previous rally cycles, which were largely sentiment-driven.

However, despite being around for over six years, BDX coin is listed on a limited number of exchanges. Notably, most of these exchanges are middle-tier, which has limited the upside for Beldex price.

In that line, listing on top-tier centralised exchanges (CEXs) like Binance, OKX and Coinbase could provide a stronger boost to Beldex coin price.

BDX technical outlook: Bearish case

The Relative Strength Index (RSI) on the 15-minute chart slipped below 50 after beldex coin price failed to hold above $0.0799. This signalled a shift in the momentum to the downside.

However, the asset remained within the Bollinger Bands, indicating a potential for further upside. In that case, the first resistance is likely to emerge at $0.0799.

If the buyers fail to breach that level, it will likely establish the first support at $0.0792. However, breaking below that level will invalidate the bullish case.

Meanwhile, a stronger downward momentum will extend the decline and potentially test $0.0787, followed by $0.0782, which marks the lower Bollinger Band.