BNB weekly chart is catching consideration after market analyst UniChartz famous that the cryptocurrency reveals sturdy upward momentum, supported by the essential technical 50-week Exponential Moving Average (EMA). This shifting common has been examined a number of instances, however continues to behave as stable, dynamic assist, stopping deeper pullbacks and sustaining the construction of the present uptrend.
Support Flips Bullish: Former Resistance Now Fuels Rally
In the post on X, UniChartz emphasised a important growth in BNB’s current value motion. He identified that the asset has damaged above a long-standing descending resistance line, a transfer that indicators a potential shift in total market construction. This breakout is a bullish sign by itself, however what makes it much more compelling is that BNB has additionally reclaimed a significant support-resistance zone.
According to UniChartz, this reclaimed zone, as soon as a hotly contested battleground between patrons and sellers, has now remodeled right into a stable base for the continued rally. This transition from resistance to assist displays rising bullish conviction and means that market members are extra keen to build up at greater ranges, fairly than promote into power.
The descending trendline breakout and the agency assist zone add sturdy technical affirmation to the upward case for BNB. UniChartz highlighted that these two zones are actually performing as essential pillars for the present uptrend and should maintain to maintain upside momentum intact. As lengthy as the value holds above this reclaimed stage, the trail seems clearer for additional upside, with bulls probably concentrating on greater resistance zones within the coming weeks.
BNB Bullish Structure Intact
Delivering his remaining verdict, analyst UniChartz expressed a assured outlook on BNB’s trajectory, noting that the technical construction stays decisively bullish. Should BNB keep its footing above these areas, UniChartz believes the subsequent main goal might be a retest of the all-time excessive area close to $793.
This stage marks a major psychological and technical barrier, and a profitable problem might function a robust catalyst for the asset. If bulls handle to interrupt and shut above this goal with quantity, it might open the door for an prolonged rally, propelling BNB towards the $1,000 milestone and past.
Such a transfer would reaffirm the power of the present pattern and solidify BNB’s standing as one of many top-performing property within the crypto house. However, continued bullish momentum, wholesome market situations, and supportive quantity patterns might be key elements in figuring out whether or not BNB can maintain this upward trajectory and push right into a value discovery section.
