In the past few days, #bnb 's performance has been eye-catching—bouncing from the trough to around $1,300, soaring 6% in a short time, and #BNB创新高 market sentiment was instantly ignited 🔥.
Even more exaggerated is that on Monday it broke through the short-term high of $1,370, showing that the exploration period for the ATH seems not to have ended yet. So, is this surge just a small peak or the beginning of a larger market movement? Let's analyze it closely.#加密市场观察
🔹 Breakout from the parallel channel: BNB's bullish signal is clear
Analyst Ali Martinez shared a technical chart on X showing that BNB had consolidated in a parallel channel for many years.
Upper bound of the parallel channel: resistance level
Lower bound of the parallel channel: support level
Prices usually fluctuate within the channel, but once the resistance is broken, it means a bullish trend is initiated; breaking below the lower bound indicates a short-term bearish trend. The movement of BNB is a typical bullish effect after breaking the resistance line: since the breakout from the channel, the price has risen by half the width of the channel.
Martinez predicts that if BNB continues the channel pattern, its potential target may reach $2,400, which is almost equivalent to an 89% increase! 🔥
🔹 Technical details: Bulls are still in control of the rhythm
BNB's breakout not only changed the short-term trend but also boosted the confidence of traders:
Since the breakout of the parallel channel, the price has been rising all the way
Historical data shows that the increase after a channel breakout often approaches the height of the channel
Current trends suggest that bulls may continue to push BNB to explore new highs
However, Martinez also reminds that the market cannot rise smoothly all the way; short-term corrections may occur near resistance levels, so it is still necessary to pay attention to the buying and selling power.
🔹 BTC comparison: BNB is more active
Interestingly, Martinez also pointed out that #BTC has been fluctuating within the parallel channel recently but is currently hovering near the midline. In contrast, BNB has already broken out early and started exploring new highs, showing that altcoins may be more dynamic in the bull market cycle.
🔹 Summary and Observations
Support level: near the lower bound of the parallel channel
Resistance level: recent high of $1,370
Short-term signal: strong bullish signs after breaking the upper bound
Target price: Huge potential at $2,400 (approximately 89% increase)
Current price $1201
💬 Simple summary: BNB is in the acceleration phase of a bull market, and breaking the parallel channel provides momentum for the bulls. There is ample room for short-term increases, but attention is still needed on resistance corrections and market sentiment as it approaches $2,400.
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