🚀 BNB Breaks ATH: $804 and Climbing!📊📈
* BNB hit a record high of $804 earlier today, rising ~15% over the past week
* A major bullish breakout was confirmed after BNB cleared the $700 supply zone—now tracking within an ascending channel toward $850–900
* Strong derivatives data: Open interest up ~24% to $1.28B, and trading volume increased ~18% to $2.21B, indicating sustained long-side momentum.
📈 Technical Signals Snapshot:
* Bullish Flag & Ascending Triangle on daily charts — signals continuation of the uptrend
* Key Support Zones: $768 (daily EMA), $740 (EMA50), and $717 (EMA100) are crucial for trend integrity
* Momentum indicators like MACD (positive) and RSI (~56) show strength with slight cooldown—healthy for further gains
* Why it matters: Clearing $800 marks a shift in sentiment towards big-cap altcoins. BNB’s breakout shows high conviction from both retail and whales.
* What to watch:
1. Hold above $780–786—if so, next targets are $850–900.
2. Volume dips under $1.5B daily or hold below $768 could signal a short-term pullback.
* Watchlist Levels:
* ✅ Entry zone: $780–790 on consolidation
* 🎯 Target: $850–900 next resistance
* 🛑 Stop-loss: Below $740–750 for risk control
📊 Chart Highlights (via TradingView):
* Bullish consolidation patterns (flag, triangle) tracking in an ascending channel.
* Derivatives support confirms strong long positioning.
* Indicators show momentum poised for another breakout.
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