Long-term analysis reveals a bullish flag pattern in #Binance Coin's price, suggesting potential continuation of its upward momentum.
$BNB has traded sideways within a symmetrical triangle pattern since mid-March.
A notable 20% surge on the Weekly chart has been observed in BNB's price, indicated by a bullish engulfing candle briefly surpassing the $700 mark, reflecting strong bullish sentiment.
The daily chart displays an ascending triangle breakout pattern in $BNB, signaling increased momentum amid broader market recovery.
BNB has notably found strong support at the baseline of the daily Ichimoku cloud, further strengthening bullish sentiment.
Sustaining BNB above $700 could potentially trigger a rally towards the $900 mark, with potential positive influence on altcoin prices.
As per CoinGabbar Prediction, Conversely, failure to maintain the rally might result in a retracement towards the $640 support level.
KEY LEVELS :
RESISTANCE LEVEL : $800-$920
SUPPORT LEVEL : $640-$560
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