$BNB 📊 BNB/USDT Analysis: Breakout, Trend, and Potential 🔥
Binance Coin demonstrates a powerful bullish trend that began in July 2024. The recent breakout of the $809.84 level is a key technical moment that previously served as strong resistance. Now the price has consolidated around $770, remaining above the trend support.
🔺 Technical Image:
The breakout of an ascending triangle confirms the strength of the bulls.
MA(5) > MA(10) — confirmation of short-term momentum.
OBV is increasing — the asset is being accumulated by large participants.
📈 Indicators:
RSI: 91.66 — overbought zone, possible pullback, but under strong trend conditions this is not always a reason to exit.
The volumes during the breakout are impressive, and market interest remains strong.
📌 Key Levels:
Support: $770 and the trend line from $356.
Resistance: $809.84 (now — potential support).
✅ Conclusion:
BNB/USDT consolidates above the broken resistance zone, confirming the bullish scenario. In the short term, a correction is possible, but the structure remains strong. The support at $770 is an important area for a new entry.
🧠 We are attentive to consolidation above $810 — this could pave the way for new highs.
#bnb $BNB
