The BNB has been officially broken above its high-timframe resistance at $ 800 for the first time on the basis of weekly closing. With the volume building and market structure turning agency, the price action is showing symptoms of a powerful rapid control.
Summary
- BNB first confirmed a weekly shutdown above $ 800, marking a major breakout.
- The value is like a bullish allot’s life 3.
- Rising volume indicates strong demand, in which no rejection continued in signaling trend.
Binance (BNB) has confirmed a sharp enclosed candidate above the $ 800 resistance field, a lead that has upside down for more than a year. This breakout marks a historical technological development, as this is the first time BNB has a person at this level on a weekly basis. The absence of rejection after the breakout suggests that this step is real, and demands are being constructed in these high major areas.
Major Technical Points:
- Weekly confirmed above $ 800: The first weekly closure above the high-time resistance in the history of BNB.
- Wave in progress 3: Bulish Elliot Wave Structure Fibonacci indicates continuity to the extension goals.
- Increase in volume profile: Constant utters of constant utters of quantity indicate strength behind the increasing consumer and step.
From a structural perspective, a breakout above $ 800 confirms a significant change in long -term content. BNB has not only broke the resistance, but has also done this with a rapidly surrounded candle, indicating confections from buyers. If this level is in the form of support in the coming weeks, it will give importance to the region as a new living base and support to further the matter.
In terms of allot weight structure, BNB has completed Wave 2 in the price area and is now moving in Wave 3. And it aligns with currency value behavior: a strong expansion without signs of weakness or absorption of supply. The Fibonacci extension target for wave 3 lias between $ 1,000 and $ 1,050, which now serves as the next major inverted projection before a corrective wave 4.
Volume behavior supports this story. The volume profile has an increase in the form of advanced value through resistance, strengthening the idea that this breakout is being operated by real demand. Continuous volume inflax will potentially promote BNB high, validate the faster wave count and target the new historical high.
Currently, there are no technical signs of exit or design. If the support is maintained at $ 800 and trading continues with the price rising volume, the situation is quickly there for the next leg to come up to the higher position.
What is expected in the upcoming price action
BNB has entered the price search after a long breakdown at $ 800 through prolonged resistance. As long as this level remains on the basis of weekly closing, the current wave structure indicates a motor tweed to $ 1,000 to $ 1,050 fibonacies expansion targets.