More likely to 27$ before further upside movement to 50$ -55$.
BNB might take a cat nap and go down to 27 USD support before exploding to 50-55 USD. The Technical Analysis hints so -
StochRSI - Bearish Divergence,
RSI support is at 40,
Volume outflow to BTC and other Alts as they are rallying, It might take time for the volume to come back as they have just stared their rally.
27-28 USD was a previous resistance and can now act as a support.
Other general observation(Not TA) - Historically BNB rallied while BTC and other major Alts are in correction phase.
The next higher high can be at 50USD(psychological resistance) or 55USD(2 FIB extention). 1.618 FIB extention is at 46USD, but the bulls may not stop at it. as 50USD seems a few blocks away.
StochRSI - Bearish Divergence,
RSI support is at 40,
Volume outflow to BTC and other Alts as they are rallying, It might take time for the volume to come back as they have just stared their rally.
27-28 USD was a previous resistance and can now act as a support.
Other general observation(Not TA) - Historically BNB rallied while BTC and other major Alts are in correction phase.
The next higher high can be at 50USD(psychological resistance) or 55USD(2 FIB extention). 1.618 FIB extention is at 46USD, but the bulls may not stop at it. as 50USD seems a few blocks away.
