📢BNB Market Analysis: Critical Resistance Test📊
Currently, BNB is encountering significant horizontal resistance, a crucial level that will determine the next directional move. The price is testing this resistance, which has historically been a challenging barrier to overcome.
A rejection at this level could indicate a potential pullback, leading to a retest of the trendline support of the ascending triangle. This support line has been a reliable foundation, and a successful retest could provide a buying opportunity, reinforcing the overall bullish structure.
On the other hand, a strong breakout above the horizontal resistance would confirm a bullish trend. Such a breakout would signify increased buying interest and could propel the price to new highs, continuing the upward momentum that has been building.
🔍Crypto Scouts analytics team
