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BNB price performance outstanding Be optimistic about strength On weekly charts, technical signals with Potential surge to $1,000. Not only does AltCoin have a resistance level of breakage, it is currently maintaining a stronghold above the 50-week exponential moving average (EMA).
BNB price is set at $1,000
and Momentum constructionBinance Coin (BNB) could raise the price significantly to $1,000, bringing it far above all-time highs. This prediction is published in Analysis Report Through TradingView Crypto expert Unichartz, BNB price action has exceeded long-term Descending resistance linerepresented by the red line in the chart.
Related Readings
A breakthrough from this downward trend indicates the end of the multiple-month consolidation phase and the potential trend reversal. More notably, the cryptocurrency has reclaimed a historic resistance zone, which is marked on a shaded gray area between $460 and $535, which was previously used as an A”The battleground between bulls and bears. “Now, this key level is becoming a potential launch pad for further improvement, thus enhancing the bullish structure of the BNB chart.
go ahead, 50 EMAthe orange line in the chart is highlighted, Callback. The TradingView analyst revealed that in many times, BNB bounced this moving average, confirming that it is a reliable basis for potential gatherings.
As long as the price continues to trade at a price above these 50 EMAs, and within the recycling area, Unichartz’s BNB prospects remain optimistic. With the ongoing bullish momentum, the historical premium area around $793 may be retested. A successful breakthrough above this level could trigger a 45.99% climb to $1,000.
BNB Bulls are under control as price aims at new breakthrough
Market analyst Wise Crypto owns release Optimistic forecast for BNB prices, expected A lot of breakthroughs This could make Altcoin surge soon above $700. According to analysts, several technical indicators and bullish developments are aligned to support this projected price increase.
Related Readings
In terms of technology, Wise Crypto points out EMA, DMI and Ichimoku Cloud Flashing bullish. Fundamentally, analysts highlight Binance Coin’s growing volume of decentralized exchange (DEX).
It is worth noting that the volume of DEX of BNB increased by 85.66% in one week. DEX trading volume increased by about $34.85 billion, making it far exceeding its main competitors, Ethereum and Solana.
In addition, Wise Encryption announced BNB Bulls Ultimately controlling the market trends shows strength. Supported by positive technical indicators and growth in DEX volume, BNB’s price is expected to rise about 2.21% from the current price of $684.85 to reach $700 in the near term.
Featured images from Adobe Stock, charts from TradingView.com
