BNB has reached the major resistance and it needs to take hold above it for final bounce before reaching ATH.
For now the current supports are : - $478.01 - $448.32 - $454.93 - $428.48 - $317.17 - $339.08
And the resistances are : - $512.07 - $529.56 - $563.42 - $598.81
Hourly EMA 100 is supporting BNB too, So we can count it as a potential level to bounce; But the volatility is suggesting a correction, However this correction can be a sideway cooldown ! Cause market will follow BTC's direction in macro view, But bulls won't leave the 48K's level for now to face another correction toward 44K. So there is a possibility for BNB to go sideway for couple of days, But if BTC rejects to hold 48K, Then it will dive to retest the lower support zone at, Which is standing near the bullish trend zone ! So there will be another chance for bulls to defend their side with the logical pullback. But both of the scenarios needs a confirmation for further movement...
What if BNB break above resistance ? There are some major targets : - $516.50 - $587.32 - $668.61
BTC needs to engulf $516.50 line before any confirmed bounce, Cause it's acting as a master candle on 12H's chart and the wick above is an important level to achieve ! After an engulf above the mentioned line, We'll might face another correction before the bounce above resistance zone. If the this scenario happens, Then there will be only one weak resistance zone before ATH's resistance ! This zone is located at $563.42 - $598.81 as before mentioned above... There is a high possibility for BNB to achieve the 2nd target after a hold above the major resistance.
The overview is currently bullish ! 🔴 The bullish scenarios will be invalidated after a rejection below the lower support zone at $448.32 - $454.93.
Hope you enjoyed our analysis about BNB's possible directions🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.