Beldex Price Prediction: 2024, 2025, 2030

BDX price prediction: Key highlights

1. Primary support and resistance levels

• $0.070 can likely be the highest resistance on the weekly chart.
• Meanwhile, $0.030 was observed to be the lowest support.

2. Market sentiment

• As of September 2024, the overall market sentiment is strongly bullish.   

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of BDX is projected to be $0.100 in 2028 and $0.300 in 2034.  

Given below is a comprehensive weekly technical analysis of BDX, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

BDX technical analysis: Bullish stronghold leads to substantial gains

The Beldex price prediction for 2024 draws from its past year's trends, incorporating market volatility, investor trust, and general cryptocurrency volatility. Throughout the analysis period, the bulls and bears remained in a tug-of-war to tilt the scales in their favor.

The market was predominantly red until October 2023, pushing BDX to its lowest support level of $0.030 early in the month. After a brief drop below this level, the price pumped in late October. While the entire market recovered during this time, BDX’s gains were more substantial.

Consecutive price surges drove it to test the yearly high barrier at $0.057 by mid-November. This level triggered liquidations, leading to the onset of another southward trajectory. The price returned below $0.047 in December, which became a focal point for buyers vying to flip it.

A pattern of repeated tests and retracements at this barrier until late March underscored the bullish resilience. Nonetheless, their attempts faltered as the broader market bled in Q2 2024. 

Another phase of declines saw BDX return to the yearly low support in late April, erasing its gains since Q4 2023. Regardless, buying pressure started to build up again in late May.

The asset diverged from the market bloodbath and trended upwards. Despite a brief struggle at $0.038 in June, the bulls flipped this level by July. The dominance of green candles elevated the asset to retest the peak barrier in mid-August. 

However, the asset’s overbought state led to a slight correction by the end of the month. At the time of writing, BDX  was trading at $0.054.

According to CoinMarketCap, the token surged by around 12% over the last month, with a 5% uptick recorded in the previous week alone. The market dynamics hint at a retest of $0.057. Continued buying momentum can even drive the price over this level. After that, the bulls will likely target $0.060 and $0.070. 

However, if sell-offs ensue at the highest resistance, the recent gains can be at a high risk. A renewed downward trajectory can pull the price closer to the current support. Based on past patterns, BDX’s value can plummet to $0.038 if this level is compromised.

Long-term forecasts showcase BDX’s future as moderately optimistic. Our predictive models project the cryptocurrency to reach an average value of $0.100 in 2028. Furthermore, the altcoin is projected to average $0.300 in 2034.

BDX's 2024 roadmap: Key indicators to watch and trade

• The trading volume remained high till November. As the price dropped, so did the volume. This downtick was amplified in March, reflecting a lack of investor conviction even as the price recovered from late May.
• The Moving Average Convergence Divergence (MACD) initially stayed below the signal and the zero line. It took the dominant position in late October and turned positive by late November, followed by the signal line in January. 
• Nonetheless, a bearish crossover was formed by mid-February. The descent culminated in both lines retracing their steps below zero in April. This was reversed with a late June bullish crossover.
• The MACD and signal line surged over zero in mid-July and early August, respectively. At press time, the MACD line was at 0.00353, the signal line at 0.00205, and the histogram at 0.00148.
• The Bollinger Bands remained apart during the initial downtrend. The expansion was maintained during the bull run in Q4 2023 when the price slightly crossed the upper band after flipping the 20-week Moving Average (MA). 
• Nonetheless, the latter became a resistance by mid-February, and the bands started converging in mid-March. Between April and mid-May, the price even fell below the lower band, triggering a slight expansion. 
• This was amplified as the 20 MA was reinstated as support in July, with the candles frequently touching the upper band. It highlighted a resurgence of buying sentiment.