The fourth-largest cryptocurrency, Binance Coin (BNB), has completed the first three phases of the Wyckoff pattern, signaling a potential retracement in price, according to crypto analyst MartyParty. BNB has been trading between $465 and $610 since June but a breakout above $610 could indicate a trend reversal. BNB's price analysis suggests a bullish picture with a 11.81% increase in the past 30 days. However, additional buying volume is needed for BNB to break above its consolidation zone.
- Content Editor ( coinedition.com )
- 2024-10-01
BNB Completes Wyckoff Pattern: Analyst Predicts Retracement