BNBUSDT
The cryptocurrency market is showing signs of a bullish trend, with total capitalization rising alongside Bitcoin's growth. While BNB stumbles due to regulatory concerns, the overall sentiment is improving, evidenced by price movements and a break of the descending wedge resistance. Bulls are consolidating their position above the MA-50 support, and a decisive break through the current resistance at 257.8 will unleash a surge in volume, volatility, and confirm the bullish momentum. In simpler terms, the market is poised for a bullish run waiting for the 257.8 resistance to be breached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.