Stopping the uptrend led the price to move in a fixed range
Suffering BNB in this range is expected to trigger a sharp uptrend
But it must pass an important level of resistance
A closing above $ 530.38 puts the price on the path to $ 606.70.
If buying pressure continues to rise, the BNB could cross $ 606.70 and then test the next resistance at $ 671.17 or even its all-time high of $ 693.4.
On the other hand, if BNB fails to stabilize above $ 530.38, it indicates weak buying pressure.
In such a case, investors can expect the BNB to fall towards the $ 449.56 support barrier, which will lower the lower price floor and nullify the uptrend scenario.
In some cases, BNB could even test its $ 434.1 price range.
Suffering BNB in this range is expected to trigger a sharp uptrend
But it must pass an important level of resistance
A closing above $ 530.38 puts the price on the path to $ 606.70.
If buying pressure continues to rise, the BNB could cross $ 606.70 and then test the next resistance at $ 671.17 or even its all-time high of $ 693.4.
On the other hand, if BNB fails to stabilize above $ 530.38, it indicates weak buying pressure.
In such a case, investors can expect the BNB to fall towards the $ 449.56 support barrier, which will lower the lower price floor and nullify the uptrend scenario.
In some cases, BNB could even test its $ 434.1 price range.
