BNB breaks through the descending channel, rushing towards $903!
#bnb Recently breaking through the descending channel, marking a potential end to the downward pressure that has lasted for the past two months. After forming a higher low around $820, the price has accelerated upwards and is currently hovering around $903. The 4-hour chart shows enhanced bullish signals, with buyer strength evident and seller control weakening.
Trading volume is active, with a 24-hour increase of about 5.4%, the upper range stabilizing, and the intraday low supported at $870. Technical analysis indicates that if it continues to hold above $900, a confirmed breakout could target potential levels of $1020–$1050.
Market capitalization is stable, with circulating supply close to total supply, further supporting price resilience. The integration of the BNB ecosystem and the increase in open contracts also indicate that long-term demand is strengthening 📈.
