Binance Coin (BNB) is back in focus after a series of developments strengthened interest in the Binance ecosystem while technical indicators pointed to a possible trend reversal. At the time of writing, BNB was trading at $577.34, leaving it within striking distance of the next major technical hurdle. Bullish chart pattern puts $647 in focus BNB has been building what market technicians identify as an inverse head-and-shoulders pattern on the 12-hour chart. Source: crypto_vulture_signals on TradingView The formation is widely followed because it often signals a reversal after a prolonged decline, provided the price clears the neckline resistance with convincing momentum.
Source: Read the original article
