📊 Technical Analysis
● Price has broken the 7-month descending wedge and closed above the purple resistance near $600, flipping it to support.
● Successful retest plus a series of higher lows inside a nascent up-channel point toward $655 (trend-line cap) and the wider supply at $730.
💡 Fundamental Analysis
● The Lorentz main-net hard fork (29 Apr) cuts BNB Chain block times and boosts throughput, spurring on-chain activity.
● Kraken’s new BNB listing and growing alt-coin ETF odds keep demand firm; FXStreet notes a $590 breakout opens a path to $650+.
✨ Summary
Breakout + network upgrade reinforce a short-term long bias: objectives $655 → $730.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● Price has broken the 7-month descending wedge and closed above the purple resistance near $600, flipping it to support.
● Successful retest plus a series of higher lows inside a nascent up-channel point toward $655 (trend-line cap) and the wider supply at $730.
💡 Fundamental Analysis
● The Lorentz main-net hard fork (29 Apr) cuts BNB Chain block times and boosts throughput, spurring on-chain activity.
● Kraken’s new BNB listing and growing alt-coin ETF odds keep demand firm; FXStreet notes a $590 breakout opens a path to $650+.
✨ Summary
Breakout + network upgrade reinforce a short-term long bias: objectives $655 → $730.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
BNB reached the upper boundary of the channel, bringing +10%. In today's forecast we will consider further potential of the movement!
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Crypto signals in telegram
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🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.