BNB Shows Strong Upward Momentum Amid Key Support Zone
BNB shows strong upward momentum, supported by the 50-week Exponential Moving Average (EMA), which has acted as dynamic support. This prevents deeper pullbacks and maintains the current uptrend.
Support Flips Bullish
- BNB has broken above a long-standing descending resistance line, indicating a potential shift in market structure.
- The asset reclaimed a significant support-resistance zone, transforming it into a solid base for the rally.
- This transition indicates growing bullish conviction among market participants.
- The breakout from the descending trendline and firm support zone confirms the bullish trend for BNB.
- As long as BNB holds above the reclaimed level, further upside is possible, targeting higher resistance zones.
BNB Bullish Structure Intact
- Analyst UniChartz maintains a bullish outlook, expecting BNB to retest the all-time high near $793.
- A successful challenge of this level could catalyze an extended rally towards $1,000.
- Continued bullish momentum and supportive volume patterns will be crucial for sustaining this trajectory.
