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Is $BNB finally ready to break out of this boring range?
The chart has been sideways for what feels like forever, but we just saw a solid green candle push us up to 658.25. It looks like we’ve built a decent floor around that 570 area and the price is finally starting to trend higher again.
Resistance is looming right around the 720 level. If we can get a daily close above that, things could get very interesting very quickly. Volume is starting to pick up a bit, which is exactly what we want to see on a move like this.
I’m watching closely to see if we get a retest of 635 to confirm it as new support. If that holds, the next leg up is likely.
#CryptoMarketBouncesBack