Will BNB Cross $250 With This New Bull Trend?

BNB showcases a breakout from its falling wedge pattern.
It rebounded from the $200 mark.
Potential to approach the $230 resistance to reverse its downtrend.
BNB failed to surpass $350 in 2023, leading to a drop to $200.
The price is currently $216.60, with a slight intraday decline.
Recent price actions display a double-bottom reversal.
Resistance is noted from the 50-day EMA.
Bullish trends are evident from MACD and RSI indicators.
BNB might aim for the $250 mark post surpassing $230.
A decline might challenge the falling wedge pattern's foundational support.


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.