🚀 BNB at 850$ : Simple breathing or shortness of breath before the breakout?
The Heikin Ashi chart in 1m shows an attempt to reverse after a local correction from 859$ to $846.
Currently, BNB is stabilizing around the pivot zone of $850. For traders looking to know if "it can go higher", here is the concrete technical analysis:
🔍 Technical Analysis (Advanced Focus)
Heikin Ashi Structure: We observe a series of green candles with small upper wicks, a sign of buying pressure returning. However, the absence of massive "full bodies" indicates indecision.
Immediate Resistance Zone: The level of 854$ - 855$ is crucial. It was the former support that became resistance during the drop at 1:15 PM. A solid close above would validate a recovery towards the local peak of $860.
Psychological Support: The 845$ is holding strong. As long as this floor is not broken, the medium-term bullish structure remains intact.
💡 Why could it explode?
Beyond the chart, the BNB Chain ecosystem is buzzing. Between the increase in volume on DEX and the automatic "Burn" mechanisms, the token's scarcity favors a push towards new historical highs if Bitcoin ($BTC) stabilizes its dominance.
Note for the Pros: Watch the Order Flow. Massive accumulation in this consolidation zone often precedes a violent movement. Don't get caught up in the "noise" of 1 minute, look at the H4 to confirm the underlying trend.
And you, do you see BNB crossing 900$ before the end of the week? 📈

