#Binance

Will BNB Experience Consolidation or a New Uptrend Above US$645?

The BNB price chart shows that the short-term Exponential Moving Average (EMA) has just crossed above the long-term EMA. This is usually considered a bullish signal, indicating that current price momentum is strong and could lead to further price increases.

The EMA lines are a type of moving average that gives greater weight to current prices, making them more sensitive to new price movements compared to simple moving averages. The short-term EMA crossing above the long-term EMA indicates that buyers are starting to take control and have the potential to drive the price higher.

If it continues to maintain the current pace and avoids consolidation, BNB price will challenge and break through the US$645 resistance. The success of this scenario depends on consistent market conditions and avoiding consolidation which could stabilize prices. On the other hand, if the price actually falls, the next target is support at US$497.

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