Alright team, let's break down this juicy $BNB chart and see what's cooking. The weekly perspective offers a crystal-clear look at its incredible long-term trajectory.
Technical Analysis
We are witnessing a textbook correction finding strong confluence support. The long-term rising Support Line has held perfectly, confirming the structural integrity of the macro uptrend. The critical horizontal support is clearly established at $785.63. As long as we maintain price action above this zone, the bullish structure remains fully intact. Our ultimate high-level target (Resistance) remains $1,600.00.
Fundamental Analysis
Fundamentally, $BNB is exceptionally robust. The consistent demand driven by the highly successful Binance Launchpool and Launchpad projects locks significant token supply away from the market. Furthermore, the continuous quarterly token burns actively reduce the circulating supply, solidifying BNB's inherent deflationary pressure.
Action Plan
This pullback provides an excellent accumulation opportunity near key structural support. Scaling in between the current price and $800 is the strategic move for those aiming to capture the next major leg up toward the 2027 target zone.
Highly recommend HOLD and Stacking $BNB at Binance
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