Binance Coin BNB to 1000$
$BNB Update
As anticipated, Binance Coin experienced another bullish surge yesterday, successfully breaking past the crucial daily resistance level of $529.
A daily candle closure above $529 significantly enhances the likelihood of a sustained bullish trajectory, with potential targets set at $586 and even surpassing $600.
However, failure to maintain this momentum could prompt a retest of the $477 support level.
The intraday chart for BNBUSD remains bullish, with the latest 4-Hour candle breaching the $526 resistance.
Continued price action above $526 on the 4-Hour chart is expected to propel the price of Binance Coin towards $552 and beyond.
Conversely, a bearish break below $526 might trigger a decline towards the $506 support level, potentially followed by a bullish rebound.
It's worth noting that BNB's performance closely follows that of BTC $BTC . Thus, a significant bearish rejection within the $69,654-$73,422 range on the BTCUSD daily chart could weaken the entire crypto market, including Binance Coin.
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