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/
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Check me out btdcrypto.com/links/
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.