According to experienced technical analyst Yashu GOA, BNB signals a potential rise by reflecting the 2018-2021 fracture structure. The pause in SEC and Binance case may alleviate regulatory pressure and increase market sensitivity. A ‘Golden Cross’ in the Altcoin graphics points to a bull run that BNB targets $ 1,000.
BNB reflects the rupture structure of 2018-2021
The historical comparison of BNB’s 2018-2021 market cycle and 2024-2025 fiction shows striking similarities. In both cycles
- A long -term trend line resistance that encounters multiple rejection.
- A higher low accumulation model after every unsuccessful breakage attempt.
- A stable break that triggers a explosive price rally by going beyond the trend line.
BNB price trend comparison. Source: Phyllis SewellAccording to Analyst Phyllis Sewell, BNB “follows the plan”, which implies that the technical structure of the crypto currency reflects the breakage phase in 2021. In the previous cycle, after successfully overcoming BNB long -term resistance, a rally of over 850 %in just a few months. With BNB’s recovery of the trend line resistance, analysts think that a similar upward orbit may be in the game.
Development emerged with the US Securities and Stock Exchange Commission (SEC) and Binance’s proposal to pause their legal cases jointly for 60 days, and signaled that the regulatory print on the stock exchange decreased potentially. As a reason for pause, the SEC showed the establishment of a crypto task force and claimed that the agency could re -evaluate the implementation strategy under the management of Mark Uyeda, Vice President of the Agency. Sector observers think that Ripple, Coinbase and Kraken may ask for similar legal pauses by following the Binance example.
Altcoin market value gives a big rise signal
Beyond BNB, a total crypto currency market value (total2), except Bitcoin, consists of an upward technical indicator. Analyst According to Julian HOSP, the 100 -day moving average (100mA) increases on a 200 -day moving average (200mA) to form a ‘Golden Cross’ in a 3 -day graph.
Total2 three -day performance graph. Source: TradingView/DR. Julian HOSPThis installation last appeared in 2020 before a major bull run in Altcoins. Following the Golden Cross in 2020, total2 increased exponentially and pointed to the strong investor trust for the Altcoin sector. The convergence of historical technical models and the decline in legal regulations show that the crypto market has entered the rise phase. If Binance solves its legal problems, it may see that corporate confidence has increased in accordance with the refractive structure in the BNB 2021. Moreover, if SEC’s approach to crypto arrangement softens, the Altcoins can make a long rally reflecting the fluctuating after the Golden Cross in 2020.
BNB Technical Analysis: There is $ 1,000 on the target for Altcoin!
BNB has not been able to get out of the rising triangular formation twice since it started to occur in March 2024. The last rejection close to the upper trend line of the formation resulted in a red -week candle and increased the likelihood of a short -term correction. The lower trend line, which is in line with the 0.618 Fibonacci correction level of around $ 600, emerges as the next main main downward target. If BNB experiences another retreat, investors can seek support around this region before a possible recovery.
BNB/USD weekly price graph. Source: TradingViewDespite the short -term decrease appearance, the rising triangle maintains its rise tendency in the long term. A stable break on the resistance zone of $ 656-725 can strongly change the momentum in favor of recipients and potentially send BNB to the psychological sign of $ 1,000.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
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