A well-recognized crypto market analyst, BitcoinHabebe, today shared a bullish technical formation that suggests that Bondex (BDXN) could be preparing for a massive long-term rally, pumping a 125% spike, from its current price at $0.01766 to a potential $0.0400 target.
Bondex (BDXN) is a decentralized professional networking platform driven by blockchain and AI, designed to transform how people build their careers. The Web3-based professional networking ecosystem, which enables people to engage in social interactions and provides them with digital identity management and various decentralized economic opportunities, is known for its high-speed and low-cost transactions. Its native token, BDXN, powers core functionalities such as rewards, staking, digital asset management, and several others.
According to the analyst, the developing bullish move is primed to give long-term holders a massive amount of profits, as pointed out by the returns above.
BDXN Bullish Pattern Could Drive Price to $0.0400
BitcoinHabebe identified a cup-and-handle pattern, a pattern that happens before a strong breakout. Bondex’s price movement is currently showing an impressive performance. Today, BDXN experienced a 2.9% increase registered over the past 24 hours. Also, the asset has been up 10.7% over the past week, positioning itself ahead of several other crypto assets. The analyst assured crypto traders that the developing uptrend will be a sustained rally.
On the chart, BDXN is displaying a bullish sign, setting up a cup-and-handle pattern, a formation that historically indicates an upcoming upturn movement. Bondex is currently trading close to a crucial resistance level at $0.01850, as the technical pattern projects a potential breakout in the coming days.
According to BitcoinHabebe, Bondex’s ability to break this crucial level, followed by the next resistance zone at $0.02, would trigger a continuation of an upward movement. The current support level remains at $0.015974, providing a safety net in situations of short-term declines.
The analyst has identified that BDXN is developing higher lows in its price action, suggesting heightened buying pressure in its market. This pattern of higher lows reflects that buyers are entering the market more actively and are willing to buy progressively at higher price points.
What’s Behind Bondex’s Momentum
The key driver behind Bondex’s rising traction is its innovative solutions, especially in the professional networking sector. Although LinkedIn dominates the traditional professional networking market, Bondex’s specialized blockchain network offers unique advantages for Web3 and DeFi users. With the Web3 era accelerating and blockchain powering talent worldwide, the latest metrics (from Web3.Career) show that Bondex currently powers 50% of all Web3 job traffic. Popularly recognized as a Web3 decentralized LinkedIn, Bondex addresses global talent demand and drives user growth through decentralized and DeFi platforms.