Binance Coin (BNB) Signals Potential Gains
Top crypto analysts are closely monitoring the price movements of Binance Coin (BNB). Captain Faibik’s analysis suggests that a 40-45% bullish wave might be imminent in the short term.
In his daily chart analysis, Captain Faibik identifies a symmetrical triangle pattern in the BNB chart, indicating a potential continuation of the prevailing uptrend. The breakout from the upper trendline suggests a likely upward move, with a green box above the breakout point representing a possible price target.
“Keep an eye on $BNB. Looks promising for the 40-45% bullish wave in the short term,” states Captain Faibik.
However, the volume data—a crucial factor in confirming breakouts—is not explicitly shown on the chart. Ideally, a breakout should be accompanied by increased volume to validate the move as a strong signal.
Stacks (STX) Challenges Resistance
Daan Crypto Trades’ weekly chart analysis for Stacks (STX) reveals that the price is grappling with its previous cycle high, much like Bitcoin. The chart shows significant resistance at the $3.4 level, marked by a horizontal red line.
“$STX is still fighting with its previous cycle high, similar to #Bitcoin. The dips have been getting bought up quickly, and I think this will expand nicely on a close and hold above $3.4. But it is resistance until then and could take a while,” Daan Crypto Trades notes.
The uptrend in STX, evident from large green candlesticks, aligns with increased trading volume. This lends credibility to the idea that a breakout above the resistance could result in significant price growth.
Current Market Snapshot
According to CoinMarketCap data at the time of publication, BNB is trading at $606.06, down 1.59% in the last 24 hours. Stacks (STX) is priced at $2.69, down 6.45% in the same period.
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