BNB has broken out of a bullish pennant chart pattern with significant volume and is currently retesting the breakout level. A successful retest would confirm the bullish trend. The 50-day moving average is also providing support, indicating that BNB may soon experience an aggressive upward movement.
The total market cap has broken out of a descending triangle and is currently retesting above this breakout point. The 100-day moving average is also indicating bullish strength.
A successful retest would confirm the bullish trend. Conversely, if the retest fails and the price falls below the descending trendline, it may indicate a potential market correction.
#OMNI/USDT ANALYSIS OMNI experienced a significant pump following the breakout of the descending trendline and horizontal resistance, which is now serving as support. The Ichimoku Cloud indicates a bullish trend. As long as OMNI continues to trade above this horizontal support, an upward movement is anticipated.