🏮 MARKET UPDATE: $BNB 🏮
$BNB is currently trading near $980, pressing against the upper boundary of the descending channel. The market is at a decision point, and this level will likely dictate the next move.
🔺 Bullish scenario: A clean breakout and close above the channel could open the way for upside towards $1,000–$1,020 in the short term.
🔻 Bearish scenario: If $BNB fails to break out and faces rejection here, a pullback towards $950–$930 support within the channel remains possible.
This setup highlights imminent volatility, and traders should watch the breakout/rejection reaction closely before positioning.
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