💰 #BNB has hit a new ATH

As I mentioned earlier, coins tied to the CEX narrative (centralized exchanges) are currently showing the most interesting dynamics . BNB actually hit a new All Time High overnight.

At the same time, important movements are happening on the token’s local timeframe...

The key resistance level here is around ~$860. This level is holding back price growth, but when the new high was hit, liquidity above it was cleared.

Now, a pullback is happening back into the previous range below that resistance level. The question of whether the previous cup-with-handle consolidation remains valid is crucial.

If the price can hold the two trendlines acting as support, the consolidation will remain intact and breaking through resistance to the upside will be BNB’s main target 🎯

👑 #bnb