$BNB USDT

UPDATE

#BNB/USDT New All Time High

#BnbAth has been consistently making higher highs on the 4H chart, and the market is currently testing its previous high.

This development is significant, as the price has recently broken out of a triangle formation, a trend continuation pattern, and closed above it.

The current price action is unfolding right below the previous resistance level on the weekly timeframe.

If the price manages to break through this level, it's likely to propel BNB to new all-time highs. Furthermore, the weekly chart reveals an inside bar formation, which indicates that the market was heavily squeezed before the extension, and we're now seeing the price surge towards new extensions. My goal is resistance zone at 700.

DYOR

Not Financial Advice