BNB/USDT – Bullish Channel Breakout in Play?

#BNB/USDT #Analysis
Description
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📉 Pair: BNB/USDT (Binance, 1W Chart)
📊 Analysis by: VectorAlgo

Binance Coin (BNB) has been trading within a well-defined ascending channel, showing strong bullish momentum since mid-2023. The price is currently near the mid-range of the channel and is attempting to push higher.

- Ascending Channel: BNB is trending upwards, respecting both support and resistance levels within this channel.
- Moving Averages: The price is holding above key EMAs, reinforcing bullish sentiment.
- Potential Upside Target: If the trend continues, the next major resistance could be between $900–$1,100.
- Support Levels: If a pullback occurs, watch for support near $500–$550 as a potential buy zone.

Long Entry: Dips into the lower trendline (~$550) could be buying opportunities.
Breakout Play: If BNB clears the mid-channel resistance around $730, a move toward $900+ is likely.

Risk Management: A breakdown below the channel (~$500) could invalidate the bullish setup.

📢 What’s Your Outlook?
Is BNB heading toward new highs, or will we see a deeper pullback? Drop your thoughts below!

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Best Regards,
VectorAlgo