BNB, the beast long suppressed by the market, has now revealed its fangs at a critical support level. The current price of $613.40 is approaching the $600 threshold, a historic support zone that is highly significant for the bulls — it is not only a defensive line but also a springboard for rebound.
As long as the beast maintains the $600 zone without being broken through, the upward breakout is already within reach. The market generally targets $760 as a short-term price goal, which means there is still about 24% upside potential from the current position. Technical analysis shows that after experiencing a significant correction earlier, BNB has accumulated enough momentum for a rebound.
Bullish funds are fiercely battling at this critical level. Once support is held firmly, this long-accumulated beast will surge toward $760, with no force able to stop its upward breakthrough. Now is the window to observe whether the beast can truly awaken from its silence.
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BNB, the beast long suppressed by the market, has now revealed its fangs at a critical support level. The current price of $613.40 is approaching the $600 threshold, a historic support zone that is highly significant for the bulls — it is not only a defensive line but also a springboard for rebound.
As long as the beast maintains the $600 zone without being broken through, the upward breakout is already within reach. The market generally targets $760 as a short-term price goal, which means there is still about 24% upside potential from the current position. Technical analysis shows that after experiencing a significant correction earlier, BNB has accumulated enough momentum for a rebound.
Bullish funds are fiercely battling at this critical level. Once support is held firmly, this long-accumulated beast will surge toward $760, with no force able to stop its upward breakthrough. Now is the window to observe whether the beast can truly awaken from its silence.