BNB/USDT has recently bounced from the support line drawn at the bottom of the chart. After that bounce, BNB has seen some nice gains, with bullish action picking up in the last couple of hours.
Since the price is managing to make higher highs and higher lows, we can state that BNB's outlook has shifted towards the bullish side. At the moment, the main resistance is the ATH around $47. In case that one gets taken out, expect strong bearish pressure around the round number of $50.
Happy trading!
Since the price is managing to make higher highs and higher lows, we can state that BNB's outlook has shifted towards the bullish side. At the moment, the main resistance is the ATH around $47. In case that one gets taken out, expect strong bearish pressure around the round number of $50.
Happy trading!
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