Bitcoin Cash (BNB) has shown strong breakout momentum after a recent surge, according to market analysis. Following sharp declines in the past, traders have noted that BNB tends to bring profits when the market warms up.
A key milestone was reached yesterday at 628, surpassing the initial reduction position of 555 set by Taka. The trend now appears to be gaining strong momentum, with resistance levels near 144 still within reach.
After being misled by market fluctuations in the past, traders are now taking a more proactive approach, locking in profits in a timely manner. This week will reveal whether the current surge is part of a rebound or reversal pattern. A potential add position is being eyed near 610, pending any changes that may be announced in subsequent updates.
Source: https://www.binance.com/en/square/post/21014872991810