$BNB

Binance Coin (BNB) technical analysis suggests a bullish market structure, with a series of higher highs and higher lows indicating a potential upward trend ¹. The coin's price has been consolidating above $590, with key resistance levels identified at $605 and $612 ². A bullish trend line is forming, with support at $595, and the price must maintain above $588 for continued upward momentum ².

🎯Technical Indicators:*

- _RSI (14):_ 59.66, indicating a neutral market sentiment ³

- _Commodity Channel Index (20):_ 109.52, suggesting a sell signal ³

- _MACD:_ losing bullish momentum, showing mixed signals ²

*Chart Analysis:*

The daily BNB/USDT chart shows a fully intact bullish market structure, with higher highs and higher lows ¹. The weekly chart also looks promising, with a potential target of $875 if the supply zone is flipped ¹.

*Comparison with Other Cryptocurrencies:*

BNB has been outperforming its competitors, such as FTX (FTT) and KuCoin (KCS) ¹. However, KCS/BNB is at strong resistance, and if the price flips this level, KCS may outperform BNB ¹.

*Seasonality:*

Historically, December has been a strong month for Bitcoin and Ethereum, with average returns of 16% ¹. If this trend continues, BNB may follow suit.

Keep in mind that technical analysis is subjective and should be used in conjunction with fundamental analysis and market . DyOR before investment $BNB $ETH

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