Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BITCOIN NEWS»BNB breaks out of the consolidation zone and the upward trend continues.
BITCOIN NEWS

BNB breaks out of the consolidation zone and the upward trend continues.

By Crypto FlexsJune 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB breaks out of the consolidation zone and the upward trend continues.
Share
Facebook Twitter LinkedIn Pinterest Email

BNB (BNB) recently broke out of its sideways territory, indicating a significant upward trend potential. The fact that the token rose above $700 means that the market recovering This means traders and investors are becoming more optimistic.

BNB is up a notable 12% in the last 24 hours, continuing a strong trend compared to the previous week and month. The breakout attracted attention, and some analysts expect significant gains if the bullish trend continues.

The price of BNB is up 3.56% at the time of this writing, trading at around $710, with a market capitalization of over $104 billion and 24-hour trading volume of over $4.2 billion. Last day, market capitalization increased by 12.73% and trading volume increased by 79.6%.

Price and indicator formation on BNB 4-hour and 1-day charts

Currently, BNB is trading above its 100-day simple moving average (SMA) with good upward momentum on the 4-hours chart. This means that the price is still positive and there is still potential for the price to rise.

The 4-hour moving average convergence divergence (MACD) also indicates that BNB may continue to be bullish as the MACD histogram is trending above the MACD 0 line. Additionally, the MACD line and MACD signal line are currently trending above the zero line with a good spread between the two, suggesting that BNB still has room to rise.

In the daily time frame, you can observe: BNB It successfully broke above the previous day’s consolidation area and broke the previous all-time high of $692. At this point, BNB price is still showing good momentum to rise.

BNB

We also see a bullish signal in the 1-day MACD, as the MACD histogram is currently trending above the MACD 0 line. Additionally, both the MACD line and the MACD signal line are trending above the 0 line and there is enough gap between them, indicating that BNB price can still rise.

The importance of breakouts

In conclusion, BNB will definitely move to create as the price has crossed the consolidation zone. higher peak If the price continues to rise, it is at a low.

However, if the ascent fails, it begins to descend toward the upper base of the consolidation zone for a retest. If this upper base is unable to hold the price, it may continue to move downward to test the $509 support level and possibly move further out to test other support levels.

BNB
BNB trading at $698 on 1D chart | Source: Tradingview.com BNBUSDT

Featured image from Binance, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As Nano Labs begins to accumulate $ 1 billion, BNB gets a big supporter.

July 5, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025
Add A Comment

Comments are closed.

Recent Posts

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025
Most Popular

A16Z Crypto, Twist and Shout released for improved ZKVM performance

January 24, 2025

Top Hollywood agency WME leverages AI startup Vermillio to combat AI deepfakes

January 31, 2024

CZ’s conviction puts EU access at risk

May 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.