BNBUSDT Analysis: Breakout Potential in Sight!
2024-10-09

The BNBUSDT chart on the 2-hour time frame shows that Binance Coin (BNB) is in a clear uptrend, consistently respecting the rising trendline as support. The price has been steadily increasing after bouncing from lower levels and is now approaching the important resistance zone around $585.8. 

A breakout above $585.8 could trigger a rally to $612. Traders should watch the price action around this important resistance level and confirm a possible breakout.