Currently, $BNB

(Binance Coin) is experiencing strong momentum as it reaches new highs around $775.

Technical analysis is showing positive signs that suggest the upside could continue if the current momentum is maintained.

Technical Analysis Signals:

Price Patterns: For $BNB

An inverted head and shoulders pattern has formed above the $680-700 resistance level, resulting in a strong bullish breakout.

Moving Averages:

There is a “golden cross” between the 50-day and 200-day moving averages, which is a positive technical indicator that suggests the uptrend could continue.

Support and Resistance Levels:

The main support for $BNB is now at $700, which is an important turning point to maintain the momentum.

Nearby resistance is at $800, with higher levels expected at $1630 if the price sustains a weekly close above $662.

Trading Volumes:

Trading volumes increased by 125% to #BNB , reflecting strong investor interest. Open interest also increased by 33.78%, indicating fresh capital inflows into the market.

If the uptrend continues, the price could test the $800 and $1000 levels in the medium term.

In case of a correction, the price could drop to the $662-680 support levels before attempting a fresh rally.