BNB $BNB
(Binance Coin) has made a significant technical breakout, smashing through a key resistance level on the weekly chart, signaling renewed bullish strength in the altcoin market. After weeks of consolidation, this breakout is breathing new life into BNB’s price action, but analysts suggest a short-term cooldown may be in play before the next leg up.
🔥 Breakout Confirmed
BNB surged above the critical resistance zone, closing the week with strong momentum and a high-volume push—an encouraging signal for bulls. This level had previously acted as a psychological and structural barrier, capping upward moves for months.
Now that this resistance has flipped into potential support, BNB is technically primed for a larger move. However, traders and investors are keeping a close eye on key indicators which are currently in the overbought zone.
📉 Short-Term Cooldown Expected
With RSI and other momentum oscillators flashing overheated signals on higher timeframes, a healthy pullback could be on the cards. The likely scenario? A retest of the new support around the $760 level, previously the breakout point. This would provide a solid base for the next rally and shake out short-term traders.
This consolidation would also help reset indicators, allowing for a more sustainable uptrend.$SOL
