BNB Rally To All-Time High Grows Strong, But This Crucial Zone Must Hold
BNB shows strong upward momentum, supported by the 50-week Exponential Moving Average (EMA), which has provided solid support against deeper pullbacks. The cryptocurrency has broken above a long-standing descending resistance line, indicating a potential shift in market structure. This breakout is further reinforced by reclaiming a major support-resistance zone, transforming it into a base for the ongoing rally. The transition from resistance to support reflects increased bullish conviction among market participants. Maintaining price levels above this reclaimed zone is crucial for sustaining upward momentum, with potential targets including the all-time high near $793. A successful challenge of this level could catalyze an extended rally towards $1,000, solidifying BNB's position as a leading asset in the crypto market. Continued bullish momentum and supportive volume patterns will be essential for maintaining this trajectory.
