Coin

<ul class="news-points"> 
 <li><strong>An analyst predicted that BNB’s price could break out towards the upside despite Binance’s legal struggles.</strong></li> 
 <li><strong>At press time, BNB was worth $232.59 after its price dropped by over 3% in the past day.</strong></li> 
 <li><strong>Should BNB close today’s trading session above $230, it may attempt to challenge the $240 resistance level again.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Ali revealed in an X post earlier today that <a href="https://coinedition.com/tag/binance-coin-bnb/">Binance Coin (BNB)</a> could still break out towards the upside even though Binance is facing a series of legal challenges. Furthermore, the analyst noted that a bearish descending triangle has formed on BNB’s weekly chart.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Despite facing legal challenges, <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> might emerge more resilient. Still, keep an eye on <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BinanceCoin</a> as <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BNB</a> forms a descending triangle on the weekly chart.<br><br>Watch for a close above $260 to confirm a bullish <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BNB</a> breakout. Until then, it might be wise to hold steady! <a href="https://t.co/Wal9CDRfiP" target="_blank" rel="nofollow">pic.twitter.com/Wal9CDRfiP</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1733975880219627545?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 10, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Nevertheless, Ali shared that BNB closing above $260 could be a confirmation of the altcoin entering into a bullish move. Until then, he thinks it may be best to “hold steady.”</p> 
<p>Over the past 24 hours, BNB sa…</p>
<p>The post <a href="https://coinedition.com/analyst-predicts-potential-upside-for-binance-coin-bnb/">Analyst Predicts Potential Upside For Binance Coin (BNB)</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Predicts Potential Upside For Binance Coin (BNB)

Coin Edition

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