BNB price up in 24 hours, trading at $579.
4-hour chart shows rounding bottom formation with $610 neckline.
Potential targets: $639-$667 short-term, $747 by end of 2024.
Binance Coin (BNB) finds itself at a critical juncture as it embarks on a potentially significant bullish reversal. The cryptocurrency has demonstrated remarkable resilience, posting gains in the past 24 hours and over the last week, defying the broader altcoin market’s minor pullback.
With a current trading price of $579 and a market capitalization of $85 billion, BNB is steadily approaching the psychologically important $600 threshold.
BNB forms rounding bottom
Technical analysis of the 4-hour chart reveals an intriguing rounding bottom formation, a pattern often associated with trend reversals. This formation emerged following a support trendline breakdown triggered by geopolitical tensions in East Asia.
BNB swiftly found support at $537, initiating a recovery rally that forms the base of the roundi
We współpracy z: https://thenewscrypto.com/bnbs-resurgence-analyzing-binance-coins-path-to-potential-ath/
