BNB/USDT 1day chart analysis
This could be a great opportunity for BNB to reverse the trend to the bullish side as the price is pushing across the triangle resistance line. $260 plays faithful support and forms a consolidation after the setback in the BNB market.
If the price closes above two EMA, which also means breaking through the upper line, BNB could further rise to $340. On the contrary, if the price doesn’t hold on to the current level and drops back the pattern, $260 support might be in danger, leading the price to the support line of the descent channel.
If the price closes above two EMA, which also means breaking through the upper line, BNB could further rise to $340. On the contrary, if the price doesn’t hold on to the current level and drops back the pattern, $260 support might be in danger, leading the price to the support line of the descent channel.
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