#BNBBreaksATH BNB Tests Support After Record Highs, Maintains Strong Fundamentals
BNB retraces to the expected pullback to $890 support after touching new all time high, all while the underlying fundamentals remain strong.
BNB is hovering around $889.81 with a current price gain of 1.35% over the past 24 hours, this s and after touching $890 support and breaking through the $900 psychological price barrier, BNB recently was doing from the all time highs. Touching new all time highs is followed by significant retracements and and with breakout pullbacks, retraces and pullbacks of this order is utterly transactionally healthy. Although BNB retreated, the asset still is reminding of the substantial profits of the past week.
BNB's significant rally after the partnership with Franklin Templeton was followed by profit-taking, and the selling pressure afterwards was almost non-existent. Whatever price fluctuations was experienced afterwards, it is long term value the partnership still serves at. The pauses and slow fluctuations serves to advance, organize the price and gain more by positioning further.
BNB's slight retraces per BNB in the past week provide deeper insights from the $870-$880 price range. The support and resistance has shifted and now more depends closer to $904, which is the more recent highs. The volume fragmented from the price is more due to profit taking selling than the value factor and is further reinforced by BNB's fundamental value.
