12/8/2023 0 Comments Play catch 21The post-breakout ready would offer buyers suitable support to push an 8% jump before hitting the resistance trendline of the symmetrical triangle pattern. However, this altcoin would need a higher inflow in volume and a daily candle closing above the aforementioned barrier to project a genuine breakout. Today, with an intraday gain of 3%, the BNB price surged past a multi-month resistance of $257, paving the way for higher recovery. This rally reclaimed the crucial daily EMAs(20, 50, 100, and 200) and showed in-between pullbacks, a sign of a sustained bullish trajectory. The Binance Coin price has shown a parabolic growth in the last six months, jumping from a $202 low to a recent high of $268, accounting for a growth of $32.87. Amid this rally, the coin price gave a bullish breakout from the crucial resistance of $257 the BNB price prediction indicates that the buyers are ready to extend this recovery. ![]() However, defying this indecisive sentiment, the BNB price has shown a significant upswing in the last five days and hit a 5-month high of $268. The crypto market is currently wavering in uncertainty as the US SEC delays the approval of some Bitcoin spot ETFs. A bullish breakout from the triangle pattern would give a better indication of a trend reversal.
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