iBNB

<ul><li>BNB&#39;s bullish pennant breakout hints at a 50.5% price surge to around $935.</li><li>Confirmed breakout signals end of BNB&#39;s consolidation, suggesting a rally.</li><li>BNB rose 9.34% in 7 days, outpacing the market but trailing other Layer 1s.</li></ul>The recent <a href="https://x.com/CryptoFaibik/status/1793175206342562192" rel="noopener noreferrer nofollow">analysis</a> by Captain Faibik highlights a significant development in the price action of Binance Coin (BNB). According to his post, a bullish pennant pattern has emerged on the daily timeframe chart, indicating a potential continuation of the upward trend for BNB.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5f03f9701fff47a2bcb82058b8404c58.png" />A bullish pennant is a continuation pattern that typically forms after a strong upward move, known as the flagpole. This pattern is characterized by a period of consolidation, where the price moves within converging trend lines, creating a triangle shape that resembles a pennant. During this phase, BNB&#39;s price has been forming lower highs and higher lows, indicating a temporary pause in the upward momentum.The crucial aspect of this analysis is the breakout above the upper trend line of the pennant, which <a href="https://x.com/CryptoFaibik" rel="noopener noreferrer nofollow">Captain Faibik</a> has confirmed. This breakout is a bullish signal, suggesting that the consolidation phase has ended and the upward trend is likely to resume. The breakout indicates a renewed buying interest and a potential acceleration in the price movement.<a href="https://cryptotale.org/bnb-bullish-pennant-breakout-confirms-possible-50-price-increase/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BNB Bullish Pennant Breakout Confirms Possible 50% Price Increase

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