Hi!
BNB continues to build a constructive bullish structure on the 4H chart, with price holding above the rising 100 SMA and respecting the broader ascending channel.
After completing the first and second drives, price has once again pushed higher from the lower portion of the structure. Momentum is strong, with RSI moving into elevated territory, suggesting that buyers remain in control.
The key area ahead is 790–800, where the daily supply zone and previous resistance converge. This is the first major test for the current move.
A clean breakout and sustained acceptance above 800 could expose the next major target around 838–840. On the other hand, rejection from the 790–800 region could send price back toward 750–740, with the rising 100 SMA around 733 acting as an important structural reference.
For now, the structure remains bullish as long as BNB continues to hold above its rising trend structure. The next few candles around 790–800 should reveal whether this move develops into another leg higher or requires further consolidation first.
Key levels:
Resistance: 790–800 → 838–840
Support: 750–740 → 733 (100 SMA)
