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When we first discussed #BNB# at $659, it broke its all-time high and surged to $861, reaching the upper band of the parallel channel. From that level, it faced a strong sell-off and began to retrace.
Currently, the green line represents a critical support zone. As long as $BNB holds above this support, the potential resistance levels are indicated by the yellow lines, based on Fibonacci levels.
⚠️ This is not investment advice.
This analysis is based on historical price movements. Always do your own research.
#BNB# #Altcoin # Crypto #Bitcoin