BNB has been consolidating between $530–$590 for weeks, forming what looks like a symmetrical triangle on the daily chart. Historically, this pattern often precedes a breakout — but which direction?
Key Technicals:
Support Zone: $530–$540 has held strong, with high buying volume near this level.
Resistance: $590 is a psychological barrier and the top of the current range.
RSI: Hovering around 52 — neutral, but leaning bullish after bouncing off the midline.
MACD: Bullish crossover forming on the 4H chart — early signal of momentum shift.
My Outlook:
If BNB breaks above $590 with volume, a push to $630–$650 is likely. A breakdown below $530 might retest $500. For now, I’m watching for confirmation with a daily close outside this range.
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What's your take? Are we about to break out or fake out? Drop your chart or thoughts below.
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