Technical Analysis and Market Entry: Binance Coin Gearing Up For Another Rocket Into Orbit

Binance coin on fire

Binance Coin has been moving aggressively to the upside consistently so far this year. The price is running towards its sixth consecutive week in the green, having gained a chunky 80% within the noted period. It has rallied from depressed levels of $14 up to current heights of $25, the highest seen since August 2019. Price action via the daily chart view is on a decent advance, moving towards its third straight positive close. BNB/USDT bulls in the session of 11 February, managed to close above a critical daily level of resistance at $25.00. Previously this had proved to serve as a strong area of support, the price breaking back above should be encouraging near-term for bulls. Looking via the 4-hour chart view, BNB/USDT was moving within a bullish pennant structure from 10-11 February. Market bulls were able to smash through this pattern to the upside, inviting a new wave…

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