BNBUSDT: Potential Bullish Outlook as Trend Continues!
2024-10-15

Hello everyone, this is Edward! Today, we will analyze the performance of BNBUSDT on the 3-hour time frame. Currently, BNB is moving in a clear bullish channel with support from the EMA 34 and EMA 89. As you can see, BNB has broken out of the consolidation zone below and is showing signs of wanting to approach the strong resistance zone at $590.

If BNB can hold above $577, I predict that the pair could break out of the $590 zone and aim for a higher target at $616.

Good luck with your trading!