BNB: Ready for a New All-Time High
2024-11-23

Hello, traders,

I hope you’re all doing well. Today, let’s review the BNB chart in a 2-week timeframe.

On this higher timeframe, BNB is approaching the resistance trendline. With an all-time high of $721, the current price suggests the potential for a new record. BNB has consistently held its support trendline since its inception, and with the 21 EMA providing support, a breakout could happen at any time.

If we see a breakout and a close above the resistance, BNB is likely to enter a price discovery phase and aim for a new all-time high.

During this altseason, if BNB reaches $1,000, it will push its market cap to $144 billion, securing the No. 4 position and surpassing Solana.

Let’s aim for BNB to hit $1,000.

#BNB1000

Always conduct your own research and analysis before investing. This is not financial advice.