The BNB price is showing remarkable bullish strength on the weekly chart, with technical signals aligning for a potential surge to $1,000. The altcoin has not only broken resistance levels but is currently maintaining a stronghold above the 50-week Exponential Moving Average (EMA).
BNB Price Set To Catapult To $1,000
With momentum building, Binance Coin (BNB) could be gearing up for a significant price move to $1,000, taking it well above all-time high levels. This forecast, published in an analysis report by TradingView crypto expert Unichartz, notes that the BNB price action has broken above a long-standing descending resistance line, indicated by the red line in the chart.
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The breakout from this downtrend signals the end of a multi-month consolidation phase and a potentially imminent
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