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

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

June 23, 2025

ECB Chairman Lagarde aims to seize the global order to strengthen the Euro’s global position.

June 17, 2025

Bitcoin aims for $ 115K after US CPI data prefers investors.

June 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 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

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Beware of Debris in the Eager Beavers Slot

August 24, 2024

Unleash the Power of Hitcoin: The Ultimate Guide to Making Big Money – The Defi Info

February 28, 2024

Hit the road again with Cash Truck 3 Turbo Slots

April 13, 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.