The price of Binance Coin (BNB) has shown signs of a possible rise. A significant increase in trading volumes confirms it.
The price movement towards key levels makes analysts attentive to a possible breakout or continuation of its current trend. A CME gap above the current price of Binance Coin suggests a price action trend to fill such gaps. Historically, this pattern has been repeatedly observed in market behavior.
Buying volume increases as the CME gap draws attention
According to the top market analysts, an increase in buying volume was observed in the 4-hour chart of BNB in the medium term. This scenario could lead to a new test of the upper resistance zones.
It could also fill the nearby CME gap, influencing the price of BNB. The gap could become a short-term target if buying pressure persists, as the price often moves to fill such gaps.
Binance Coin also appears on the chart in crucial technical areas. Buyers have returned to buy. However, if the resistance is not overcome, a price pullback may occur.
If market conditions weaken, the price of BNB could rise to fill the gap and test higher levels. Afterward, it could reverse direction and go down.