BNB price surged out of a steep falling channel and later coiled inside a tight consolidation rectangle, igniting a vertical drive that now hovers under the 645 USDT horizontal cap. Holding the breakout origin at 600‑610 keeps the upside narrative intact; clearance of 645 exposes the 720‑730 objective derived from the earlier channel depth.
Trade active
BNB finally cracked its descending wedge roof at 600 USDT, tagged 670, then retreated for a precise breakthrough retest now noted on the chart. The bounce keeps price above both the wedge line and a year-long mid-channel that has acted as magnet since August. Sustaining this zone leaves the 730-760 supply block—the depth of the prior consolidation—squarely in view. Failure to hold 590 would risk sliding back inside the old wedge.
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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.