🔥 BNB on Fire — Is an All-Time High Just Moments Away?
BNB weekly chart is attracting attention as UniChartz noticed significant rising trend, underpinned by the technical 50-week Exponential Moving Average. This moving average has been challenged several times but remains a dynamic support, avoiding further pullbacks and preserving the uptrend.
Former resistance fuels rally and support becomes bullish
Recent BNB price movement. He noted that the asset broke above a long-standing falling resistance line, suggesting a market structure change. BNB reclaiming a significant support-resistance zone makes this breakout much more positive.
This shift from resistance to support indicates increased bullishness and says market players are more likely to accumulate than sell into strength.
The descending trendline breakout and robust support zone sustain BNB's rising trend.
If BNB stays above these ranges a retest of the all-time high above $793.
A successful challenge might boost the asset at this psychological and technological barrier. Bulls breaking and closing above this objective with volume may start a protracted rally that pushes BNB beyond $1,000 and beyond.
This would confirm the present trend and consolidate BNB's position as a leading crypto asset. BNB will need ongoing bullish momentum, healthy market conditions, and supporting volume patterns to maintain its upward trajectory and enter a price discovery period.
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