Long-term analysis reveals a bullish flag pattern in #Binance Coin's price, suggesting potential continuation of its upward momentum.
$BNB has traded sideways within a symmetrical triangle pattern since mid-March.
A notable 20% surge on the Weekly chart has been observed in BNB's price, indicated by a bullish engulfing candle briefly surpassing the $700 mark, reflecting strong bullish sentiment.
The daily chart displays an ascending triangle breakout pattern in $BNB, signaling increased momentum amid broader market recovery.
BNB has notably found strong support at the baseline of the daily Ichimoku cloud, further strengthening bullish sentiment.
Sustaining BNB above $700 could potentially trigger a rally towards the $900 mark, with potential positive influence on altcoin prices.
As per CoinGabbar Prediction, Conversely, failure to maintain the rally might result in a retracement towards the $640 support level.
KEY LEVELS :
RESISTANCE LEVEL : $800-$920
SUPPORT LEVEL : $640-$560
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Also read: Bitgert Price Prediction: Is It a Scam or a Hidden Gem?
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Copyright © 2025 Coin Gabbar. All Rights Reserved.
