Bullish Price Action for $BNB
The price action for $BNB is looking quite bullish. A series of higher highs and higher lows has propelled the price from $472 to the current $572. Recently, the price bounced off the 0.382 Fibonacci level, and with the triangle formation nearing its apex, a breakout could be imminent.
$BNB Breakout Imminent
Examining the $BNB (BNB/USD) price on the daily time frame reveals the extent of the descending trend line. Despite a recent fake-out, where the price failed to hold above the trend line, the next attempt could be crucial. A successful breakout would require the price to exceed $618 to confirm a trend reversal.
$FTM Up 157%
$FTM (FTM/USD) has seen impressive gains since hitting a bottom in early August, currently up 157%. The price is now above the 0.382 Fibonacci level and could be targeting $0.85 at the 0.618 Fibonacci level. Additional price targets include:
- $1.02
- $1.22 (last local high)
A good buy area may present itself if the price retraces to $0.65 or even $0.63.
$RUNE at Crucial Support/Resistance
$RUNE (RUNE/USD) is currently up 92% from its bottom. The price appears to be consolidating above $4.95, aiming to turn this crucial level into support. A bounce from this level, followed by a higher high, could propel $RUNE towards the next major resistance at $7.30.
Potential buys could be considered at the current price or if it retraces to $4.23 at the 0.618 Fibonacci level, should the price decline.
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