The price #BNB has been moving since May 2022 as part of the formation of a global consolidation structure after the sales phase has worked out, as well as the reset to the values ​​of buyer interest zones.

Since a new wave of local growth (alt-season) begins on the market, this movement will not bypass BNB, since buyers have had enough time since June to collect the necessary liquidity in the most profitable zone of $208-254. To confirm their intentions, it is necessary to see a weekly fixation above the key resistance zone of $247-254, which will indicate that the BNB price is moving towards growth with the main fixation zone of $348-359.

We can find confirmation of the described movements on alternative pairs:

1) BNB/BTC, due to the decline on December 6 to the zone 0.005203 and the subsequent reaction of buyers on December 7, on higher timeframes, a mirror zone was formed 0.004787 (peak of April 2019), -0.005203 (low of December 6). This in turn signals that the bottom has been reached and the BTC to BNB exchange will soon begin. Additional confirmation is the formation of a bullish KDJ signal on the monthly timeframe.

2) On the BNB(BNB.D) dominance chart, the percentage value has reached a minimum, and as on the BNB/BTC pair, a mirror zone has been formed by the current low and peak of April 2019, but with one important difference. Here we are seeing a transition to a consolidation phase. In other words, BNB is not ready for impulse sales above the consolidation zone on the fiat pair, i.e., selling in the area of ​​$348-359 is most justified and realistic in the next months.

3) On the capitalization chart (BNB MARKET CAP) we can observe a similar structure of movement within the framework of consolidation with the same potential as on the fiat chart (+44%), which can be interpreted as confirmation of previously made conclusions.

To summarize, we can make a clear conclusion that volatility in the market will soon increase and it will turn green. Euphoria is coming, and BNB will accompany it with its systematic growth.

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