BNB Price Sees 8% Jump this Week, But There’s a Catch
The crypto market is currently wavering in uncertainty as the US SEC delays the approval of some Bitcoin spot ETFs. However, defying this indecisive...
- The Binance Coin (BNB) price has experienced significant growth in the last six months, reaching a high of $268.
- The price broke through a multi-month resistance level of $257, indicating potential for further recovery.
- A symmetrical triangle pattern has influenced the current sideways trend in BNB.
- A bullish breakout from the triangle pattern could indicate a trend reversal and lead to a potential target of $350, $400, and $460.
The article has a generally positive sentiment, highlighting the recent upswing in the BNB price and the potential for further recovery. However, it also mentions the possibility of a correction phase and the need for higher volume and a daily candle closing above a resistance level for a genuine breakout.