The appearance of a double top pattern often indicates a potential price decline, as the price fails to break through resistance twice.
In the case of $BNB , two attempts occurred near $800–810, after which the price began to retreat. However, the pattern is not considered confirmed until the trough between the two peaks is broken, particularly the $740–750 area on a daily close.
If the price breaks below that level, the correction could extend toward approximately $705 and then $680. However, if $BNB manages to break above $810 on a daily close, that would weaken the bearish pattern, and the price could continue rising.
In summary: the double top suggests a potential decline, but a break below the neckline is the real confirmation.
This is not financial advice. Do your own research.
In the case of $BNB , two attempts occurred near $800–810, after which the price began to retreat. However, the pattern is not considered confirmed until the trough between the two peaks is broken, particularly the $740–750 area on a daily close.
If the price breaks below that level, the correction could extend toward approximately $705 and then $680. However, if $BNB manages to break above $810 on a daily close, that would weaken the bearish pattern, and the price could continue rising.
In summary: the double top suggests a potential decline, but a break below the neckline is the real confirmation.
This is not financial advice. Do your own research.