BNB Forms Bullish Flag Pattern On 1-Day Chart – What’s Next?

After a rally to create an all-time high, the price of Binance Coin (BNB) has been in a consolidation zone. During this consolidation, BNB’s price has managed to form a bullish triangle flag above the 100-day Simple Moving Average (SMA) in the 1-day timeframe.

Currently, the price of Binance coin is moving between the $647 resistance level and the $498 support level building momentum for a bullish breakout with a total capitalization of $89,412,113,586, which is about 1.70% up in the last 24 hours, and a trading volume of $1,535,069,940, over 37% down in the last 24 hours. At the time of writing, BNB’s price was trading around $604 above the 100-day simple moving average, about 0.65% up in the last 24 hours.