Binance Coin: Upswing

Although BNB recently rallied by around 10% at its peak, we expect the sell-off to continue imminently into our green Target Zone ($499.80–$374.80), where we anticipate a bullish reversal. The next step should then be an advance beyond the resistance at $958.90. Alternatively, the altcoin may have already completed its downside move with the low from early February. In that scenario, BNB would no longer reach our green Target Zone ($499.80–$374.80) and would instead rise directly above the resistance at $958.90 (probability: 34%).