We are considering a scenario for the price movement of BNB.
Since the beginning of 2023, there has been increased interest from buyers in the movement of the asset's prices. Confirmation of this is a sustainable upward trend accompanied by an increase in trading volumes.
Volume profile analysis confirms the sustained interest of buyers within the current price range. At the moment, the price of the asset has been in a squeezed state within a triangle for a significant amount of time.
This creates conditions to expect the price of the asset to break out upwards, followed by testing the levels of the triangle and subsequent ascent with the overcoming of resistance levels. The process of such a breakthrough may be supported by an increase in trading volume and increased interest from buyers, which in turn will emphasize the strength of the potential upward movement.
Since the beginning of 2023, there has been increased interest from buyers in the movement of the asset's prices. Confirmation of this is a sustainable upward trend accompanied by an increase in trading volumes.
Volume profile analysis confirms the sustained interest of buyers within the current price range. At the moment, the price of the asset has been in a squeezed state within a triangle for a significant amount of time.
This creates conditions to expect the price of the asset to break out upwards, followed by testing the levels of the triangle and subsequent ascent with the overcoming of resistance levels. The process of such a breakthrough may be supported by an increase in trading volume and increased interest from buyers, which in turn will emphasize the strength of the potential upward movement.