BNBUSDT → Buyer interest. Coin rises in a falling market

Apr 25

BNBUSDT looks more confident on the D1 chart than the whole market and even more confident than bitcoin, which continues to lose ground, testing 64K. If BNB breaks resistance, it could provide good momentum.



After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go up. These preconditions are mainly based on the fundamental background related to the activity of Binance management. An ascending triangle is forming on H4, which indicates strength and clear buying interest.

Resistance levels: 619.7
Support levels: MA200 & MA-50, 588.0

The trigger to the beginning of the momentum and active distribution may be the break of resistance 619-620. Intermediate target is 700.

Regards R. Linda!

Apr 25

Trade active

Resistance retest
Pre-breakdown consolidation is formed