#BNB UPDATE 👀
BNB is trading around 572.59 after another rejection from the descending trendline, which now sits near 584 on the 4H chart. Price keeps getting capped by this line from the late June highs at 601, but the higher lows since the 538 bottom show buyers are still stepping in earlier each time.
Holding above 566 keeps the pressure building and a clean break through 584 finally cracks this structure open, targeting 592 and 600 next. Losing 566 sends price back toward 562 and 550 below.
#BNB #Erinacrypto $BNB
BNB is trading around 572.59 after another rejection from the descending trendline, which now sits near 584 on the 4H chart. Price keeps getting capped by this line from the late June highs at 601, but the higher lows since the 538 bottom show buyers are still stepping in earlier each time.
Holding above 566 keeps the pressure building and a clean break through 584 finally cracks this structure open, targeting 592 and 600 next. Losing 566 sends price back toward 562 and 550 below.
#BNB #Erinacrypto $BNB