BNB Breaks $1,050 with Cup-And-Handle, Eyes $1,100 Target

BNB Surpasses $1,050, Targets $1,100

  • BNB has broken through the $1,050 mark, continuing its strong performance from September.
  • The next focus is on the $1,100 resistance zone; a breakout here could further boost BNB's rally.
  • Support levels at $1,000 and $900 offer a safety net for potential market pullbacks.
  • BNB Chart

    Cup and Handle Pattern Indicates Bullish Trend

    • A Cup and Handle formation is developing on BNB's 4-hour chart, suggesting bullish continuation.
    • The $1,030 neckline resistance is crucial; breaking it would confirm the pattern and likely increase buying pressure.
    • If confirmed, BNB could aim for the $1,100+ region, potentially leading to larger gains.
    • Failure to break the neckline might result in short-term pullbacks.
    • BNB Chart