Beldex (BDX) is currently trading at $0.089479, reflecting a 24-hour decline of approximately 3.00%. The price has fluctuated between a high of $0.092366 and a low of $0.089118 over the same period, indicating a tight daily range of just 3.25%.

Volume for the last 24 hours stands at 10,418,895, resulting in a volume-to-market cap ratio of 1.53%. This relatively low volume suggests limited trading activity and potential challenges in generating upward price momentum.

The hourly moving averages indicate bearish trends across various timeframes, with the 8 SMA at $0.0897 and the 144 SMA at $0.0925 showing the most significant downward pressure. The short-term averages (8, 13, and 21 SMA) are all below current prices, which typically signals a bearish market sentiment.

The 1-hour Relative Strength Index (RSI) is critically low at 12, indicating that BDX is extremely oversold in the short term. Conversely, the 7-day RSI is at 41, suggesting that while the asset is nearing oversold conditions, it has not yet reached the threshold that typically triggers a reversal.

In terms of price changes, BDX has experienced a significant decline over the past week, with a drop of approximately 8.18% over 7 days and a 14-day decline of about 7.78%. However, there is a positive 30-day price change of approximately 4.52%, indicating some recovery potential in a longer timeframe.

Historically, BDX's all-time high was $0.450785 in December 2018, which highlights the potential for significant upside. However, current price levels are far from this peak, suggesting substantial resistance must be overcome for any bullish trends to develop.

Given the current bearish momentum, low trading volume, and oversold conditions indicated by the RSI metrics, a cautious approach is warranted. Therefore, the rating is a Hold, as potential buyers should wait for signs of stabilization or reversal before entering the market.