"BNB Technical Analysis: Bullish Long-Term Trend & $2000 Target
According to the current market situation, BNB is being traded at approximately $300
and it has been fluctuating between $200-$300 for the past few months.
Looking at the weekly chart, $340 is a significant resistance level, and if the price falls below this level, there could be a further downtrend.
It is expected that BNB will reach a 0.5 Fib retracement level, which is around $160, but if the price fails to hold this level, the best opportunity to buy may be around $100.
A bull flag also forming in the high-time frame, indicating a bullish long-term trend, so it is recommended to accumulate #BNB for the long term.
The long-term target for BNB is $2000.
The support levels are $250 and $160, and the resistance level is $340.
This chart is for educational purposes only, and it is not financial advice.
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