BTC Bull Token (BTCBULL) Soars 54% Ahead of BinaryX (BNX) to FORM Transition

The BinaryX price soared 54% in the last 24 hours to trade at $1.6901 as of 4:43 a.m

The BinaryX price has soared 54% in the last 24 hours to trade at $1.6901 as of 4:43 a.m. EST on trading volume that surged 412% to $663 million.

This comes ahead of the BinaryX rebranding, with BNX changing to FORM on March 21, with major exchanges facilitating the shift.

Major exchanges to delist BNX spot trading on March 18

According to an announcement by Four (formerly BinaryX), several major cryptocurrency exchanges, including Binance, Gate, MEXC, Coins, and Bitget, will be delisted BNX spot trading on March 18.

Furthermore, in preparation for the upcoming rebranding, Gate will set BNX perpetual contracts to reduce-only mode on March 17.

The rebranding initiative follows the BinaryX team's decision to completely exit the yield guild games and metaverse projects that the project is currently known for.

The BNX token has soared in the last month, recording an 85% increase. Can this trend continue?

BinaryX Price On A Sustained Bullish Breakout

The BNX price action on the 4-hour timeframe indicates a clear bullish trend.

The BinaryX price has surged past resistance levels, breaking through a key support area of around $0.80. After consolidating above this support zone, BNX experienced a parabolic rally, reaching a high of approximately $1.97 before retracing slightly, as data from GeckoTerminal shows.

The 50-day Simple Moving Average (SMA) has moved above the 200-day SMA, forming a golden cross. This bullish crossover typically signals a long-term uptrend; in this case, it preceded the sharp price increase.

Meanwhile, the price of BinaryX trades above both the SMAs, indicating that the asset is on a bullish rally.

The Relative Strength Index (RSI) currently stands at 72.56, which is overbought, a sign that BNX is under intense buying pressure.

Moreover, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming bullish momentum. The histogram is positive and expanding, indicating increasing strength in buying pressure.