BNB Holds Key Support as Breakout Potential Builds
BNB is testing a critical support level NEAR $991, with traders eyeing a potential breakout. The token's ability to hold above its descending resistance line suggests accumulation and compression—a classic setup for volatility expansion.
Chart analysis shows a descending triangle formation on the 4-hour timeframe, with buyers consistently defending a green accumulation zone. Declining volume during consolidation often precedes significant price movements. A confirmed breakout could push BNB toward liquidity zones corresponding to a $100M–$400M market cap range.
Analyst @dippy_eth notes improving ecosystem confidence, calling $4 memecoins "the most underrated" on the chain. This contrarian view hints at early-stage recovery cycles across related assets.
