BNB/USDT on the 4-hour chart has successfully broken out of the descending channel that has been controlling its movement since October. After the breakout, the price managed to retest the upper boundary of the channel and is now holding above both the EMA line and the Ichimoku cloud, showing that short-term momentum has shifted from bearish to bullish. The strong bullish candle that pushed price out of the channel confirms a breakout with volume support, suggesting buyers are gaining control.
If BNB holds above the $890–$900 range, this breakout could extend toward the next resistance zone around $1,040–$1,100, and possibly reach the higher target near $1,180–$1,200. The stop-loss region near $849 remains a safe invalidation level below the retest zone. Overall, BNB is showing a potential trend reversal from the downtrend into a bullish phase, and as long as it maintains support above the breakout zone, upside continuation toward $1,200 remains likely.
If BNB holds above the $890–$900 range, this breakout could extend toward the next resistance zone around $1,040–$1,100, and possibly reach the higher target near $1,180–$1,200. The stop-loss region near $849 remains a safe invalidation level below the retest zone. Overall, BNB is showing a potential trend reversal from the downtrend into a bullish phase, and as long as it maintains support above the breakout zone, upside continuation toward $1,200 remains likely.
SpyOnGems (Mayank) | Technical Analysis & Education | Telegram: t.me/spyongems
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SpyOnGems (Mayank) | Technical Analysis & Education | Telegram: t.me/spyongems
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。