BNB/USDT (Binance Coin/Tether) pair on the daily timeframe, suggesting a potential bullish breakout. The price action is moving within an ascending channel, highlighted by the converging trendlines that support a bullish bias. The green support zone around $548 serves as a significant demand area where price rebounds have occurred previously, reinforcing its strength.
Currently, BNB is trading near $618, just above the support zone, showing signs of consolidation. The green horizontal line at $721.80 indicates the projected target, implying an 18.57% potential increase from the current levels. The white projection path suggests a breakout from the consolidation phase, leading to a steady climb toward the target.
The chart also shows a bullish confirmation supported by the moving averages, which are trending upward in parallel with the price movement. This pattern suggests that buyers are accumulating positions, aiming for a push toward previous highs.
Traders should monitor volume levels and overall market sentiment for confirmation of this breakout. A strong push above the resistance zone, backed by volume, would validate the bullish momentum and increase the likelihood of reaching the target of $721.80.
Currently, BNB is trading near $618, just above the support zone, showing signs of consolidation. The green horizontal line at $721.80 indicates the projected target, implying an 18.57% potential increase from the current levels. The white projection path suggests a breakout from the consolidation phase, leading to a steady climb toward the target.
The chart also shows a bullish confirmation supported by the moving averages, which are trending upward in parallel with the price movement. This pattern suggests that buyers are accumulating positions, aiming for a push toward previous highs.
Traders should monitor volume levels and overall market sentiment for confirmation of this breakout. A strong push above the resistance zone, backed by volume, would validate the bullish momentum and increase the likelihood of reaching the target of $721.80.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.