BNB → Big Accumulation. In Step With The Distribution
2024-12-12
Category: None

BINANCE:BNBUSDT   is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth.

The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.

Resistance levels: 761, 793
Support levels: 691, 645

I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement