BNB Price on the Rise: Aiming for a New All-Time High? $BNB
BNB has been steadily climbing since hitting its all-time low of $468.5 on August 5, following its previous high of $698.9 in June. Recently, BNB reclaimed the $495 support level and reached a high of $616 on September 13, briefly breaking through the $605 resistance zone before facing rejection.
Despite the temporary dip, BNB has shown strong signs of recovery by breaking its pattern of lower highs and forming a higher high. This bullish movement indicates a potential breakout is on the horizon, with no major resistance until its all-time high.
Technical indicators remain favorable: the RSI is above 50, and the MACD is above 0, with no bearish divergences. The long-term outlook is also positive, suggesting that BNB is in its fifth and final wave of growth, which could push it towards a new all-time high near $920. This target aligns with Fibonacci retracement levels and wave analysis.
Keep an eye on the charts, as BNBâs upward momentum could lead to exciting opportunities!