$BNB đ Analysis
BNB bulls are trying to make a comeback, but one major resistance is still in the way.
BNB has broken out of the falling wedge with strong volume, which is a positive sign.
But the price is still below the 50MA, so I wouldnât rush into a long just yet.
If BNB retests the breakout zone and holds it, then breaks above the 50MA, we could see another move up.
For now, Iâm watching how price reacts at these levels.
Let the market confirm first. Donât chase the pump. đ
BNB bulls are trying to make a comeback, but one major resistance is still in the way.
BNB has broken out of the falling wedge with strong volume, which is a positive sign.
But the price is still below the 50MA, so I wouldnât rush into a long just yet.
If BNB retests the breakout zone and holds it, then breaks above the 50MA, we could see another move up.
For now, Iâm watching how price reacts at these levels.
Let the market confirm first. Donât chase the pump. đ