💡💡💡 O$BNB is about to burst into the sky and the 63% increase is just the starting point!
Friends who own #BNB, look!
Coin friends, it's time to turn your attention to $BNB! Binance Coin (BNB) is currently in a bullish pennant pattern, which indicates that it is about to make a shocking rally. According to our in-depth analysis, BNB has the potential to rise by up to 63% in the near future, heading towards a new high of $1,005!
However, it is important to note that a daily candle closing below $526 would be a sign that bullish sentiment in the market is not firm. But don't worry, BNB has been trading steadily within this range for about 11 weeks, and as daily trading progresses, it is gradually being compressed and volatility is gradually decreasing. This type of compressed price action often signals an imminent major breakout, and $BNB is the protagonist of this breakout.
Looking back, BNB rose from $394 to $646 in just 10 days, from March 6 to March 16, a 63% increase. In the following times, it entered a phase of consolidation, but this did not prevent its rise. From March 6th to June 1st, BNB trend formed a clear bullish pennant pattern. The main part of this, the 63% recovery, gives us a solid basis for predictions.
If we add the height of the flagpole to the current breakout point, we can come up with a surprising prediction: if BNB breaks above $616, your target will be as high as $1,005! The ambitious target leaves room for a 45% upside from its all-time high price of $692.90.
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