๐ BNB Analysis โ Is the big explosion approaching?
๐ Current price: ~764.50 USD
โ Time frame: Monthly / Weekly / 4 Hours
๐ฏ๏ธ Candle behavior and volume
BNB is trading in a symmetrical triangle or wedge on the monthly frame, between levels (~$740โ793) โ this pattern often precedes strong movement ๐ฅ
The candle that broke the ~$665 level was accompanied by moderate trading volume, followed by a successful retest, indicating a clear institutional accumulation phase.
The recent candles on the 4-hour and daily frames are small-bodied with long lower wicks โ reflecting a gradual absorption of selling pressure by whales.
๐ Buy signals from institutions
Trading volume has risen to an average of ~2.7 billion USD daily, reflecting significant capital movement
Network data indicates significant activity in large transactions since mid-July โ usually a sign of activity from major investors (whales)
๐ Watch and entry zones
๐ Key resistance area: Between $747 and $793 โ breaking it on the monthly close will confirm the start of a new upward phase.
๐ First entry signal: Clear break of $770 on the 4-hour frame, with increasing volume, providing an opportunity to rise towards $800.
๐ฏ Next target after monthly breakout: $1500 โ $2000
โ Scenario cancellation level: Closing below $740 on the weekly/monthly delays the upward explosion.
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Summary
BNB is in a clear accumulation phase for weeks, with candles indicating calculated movement from smart money, and volume confirming institutional activity.
The positive scenario is activated upon breaking $793 on the monthly frame, which could push the price towards $1500 then $2000.
Short-term traders can capitalize on breaking $770 on the 4-hour frame as an initial opportunity towards $800.