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Looking at the $BNB situation 🕵🏻♂️
$BNB has broken the descending market structure, surging through a strong liquidity level at $220 and setting a new local high around $238.
Currently, we observe a descending consolidation above the level that previously acted as resistance. The continuation of the bullish trend for $BNB is indicated not only by the flag pattern on the 4H chart but also by technical indicators. The RSI has entered the neutral zone, and the MA is providing strong support.
I'm watching the $220 level and the upper boundary of the flag pattern. A breakout of either of these levels will signal further movement in one direction.
⛓️ The priority scenario remains bullish. Despite the FUD surrounding Binance, the positive fundamentals of the market will allow to test $255 in the medium term.#BinanceSquare #DeFiChallenge #usdr #etf #Meme
