BNBUSDT Analysis (1-hour frame): Upside target 596.4 USDT
On the 1-hour chart, Binance Coin (BNBUSDT) is showing a sustained uptrend within an ascending channel. After testing the support at 568 USDT and bouncing, BNB is moving within a stable uptrend channel.
If BNB remains within the ascending channel, a potential target would be 596.4 USDT, which is marked as the top of the channel. The bounce from the current support and the clear uptrend suggest that the price could continue its strong upward move.
If BNB remains within the ascending channel, a potential target would be 596.4 USDT, which is marked as the top of the channel. The bounce from the current support and the clear uptrend suggest that the price could continue its strong upward move.
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