After the sharp selloff earlier this year, Binance Coin has been steadily building higher lows and compressing into a tightening structure near key resistance. Bulls are defending the mid-range aggressively, but price is now approaching a critical breakout area.
Key things standing out on the chart:
• Ascending trend structure remains intact
• Momentum is recovering after multiple resets
• Price is reclaiming short-term moving averages
• Heavy resistance sits overhead near the high-volume supply zone
• Major support below continues to hold from the macro trendline
If bulls can push through this resistance cluster with volume, the next leg of expansion could come fast. Rejection here, however, could send BNB back toward lower liquidity and support levels for another reset.
This is one of the cleaner compression setups in the market right now and worth watching closely over the coming weeks.
Are you bullish or bearish on Binance Coin from here? 👇
Key things standing out on the chart:
• Ascending trend structure remains intact
• Momentum is recovering after multiple resets
• Price is reclaiming short-term moving averages
• Heavy resistance sits overhead near the high-volume supply zone
• Major support below continues to hold from the macro trendline
If bulls can push through this resistance cluster with volume, the next leg of expansion could come fast. Rejection here, however, could send BNB back toward lower liquidity and support levels for another reset.
This is one of the cleaner compression setups in the market right now and worth watching closely over the coming weeks.
Are you bullish or bearish on Binance Coin from here? 👇
Check me out btdcrypto.com/links/
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Check me out btdcrypto.com/links/
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.