🔥 $BNB on Fire — Is It About to Reach an All-Time High?

The weekly chart of BNB is attracting attention as UniChartz noted a significant upward trend, supported by the 50-week exponential moving average. This moving average has been challenged several times but remains a dynamic support, preventing further pullbacks and preserving the bullish trend.

The previous resistance fuels the rally and support turns bullish.

Recent price movement of BNB. It noted that the asset broke above a long-standing descending resistance line, suggesting a change in market structure. BNB reclaiming a significant support-resistance zone makes this breakout much more positive.

This change from resistance to support indicates an increase in optimism and suggests that market players are more likely to accumulate than to sell in times of strength.

The breakout of the descending trend line and the solid support zone maintain BNB's upward trend.

If BNB stays above these ranges, a new test of the all-time high above $793.

A successful challenge could push the asset past this psychological and technological barrier. Bulls breaking and closing above this target with volume could initiate a prolonged rally that takes BNB beyond $1,000 and more.

This would confirm the current trend and solidify BNB's position as a leading crypto asset. BNB will need ongoing bullish momentum, healthy market conditions, and supportive volume patterns to maintain its upward trajectory and enter a price discovery phase.

#BinancelaunchpoolHuma #BinanceAlphaAlert #BTCBreaksATH110K،