BNB bullish breakout sign suggests a 50.5% price increase to around $935.
The confirmed breakout signals the end of BNB's consolidation, suggesting a rally.
BNB is up 9.34% in 7 days, outperforming the market but lagging other Layer 1s.
A bullish flag is a continuation pattern that typically forms after a strong upward move, known as a flagpole. This pattern is characterized by a consolidation phase, during which the price moves within converging trend lines, creating a pennant-like triangle. During this period, BNB price formed lower highs and higher lows, suggesting a pause in the upward momentum.
This important aspect is that the breakout above the upper trendline of signal v#bnb is a bullish signal, indicating that the consolidation period is over and the uptrend is likely to continue. The breakout indicates renewed buying interest and possible acceleration in price movement