BNBUSDT The recent price action of BNB has formed a symmetrical triangle pattern, reflecting a state of indecision between bulls and bears.
Typically, a symmetrical triangle acts as a continuation pattern, but it can also potentially signal a reversal. If buyers manage to propel and sustain the price above the triangle, it would suggest a possible trend reversal. In such a scenario, the BNB/USDT pair could rise towards $265 and potentially reach the pattern target at $293.
However, if the price turns downward and falls below the 20-day EMA ($242), it would indicate that the pair might consolidate further within the triangle. To gain control, bears would need to push the price below the support line of the triangle.
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