$BNB reaches critical resistance! Will it break through?
After a period of corrections in the market, $BNB is showing signs of strength! In the last week, the token rose over 11%, bouncing off a key support and now faces a decisive resistance in the region of US$ 629.
The price has been following a descending wedge pattern, a formation that, historically, can indicate a bullish breakout. In the past, BNB attempted to overcome this barrier but encountered strong selling pressure. Now, with the 200-day moving average being tested, the bulls need to take control to drive the price towards US$ 700–US$ 750!
If it doesn't break through, we could see a pullback to the support zone at US$ 524–US$ 540. The market is at a decisive moment!
What do you think? Will BNB break through or pull back? Share your opinion!
Source: CoinsProbe
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