BNB’s price has been doing the cha-cha since January, and it’s not just because of the new year resolutions. 🕺 Charts now suggest a potential $1K breakout could be in play-assuming the universe doesn’t collapse first. 🌌
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Technical indicators seem to be favoring the bulls. The Aroon up was at 92.86%, while the Aroon down was at 21.43%, suggesting that buying pressure outweighed the influence from sellers at the time of writing. Aroon up is at 92.86%-so, like, 93% of the time, people are buying. Aroon down is at 21.43%-so, 21% of the time, people are selling. Not sure if that’s a good sign, but hey, numbers don’t lie. 📊
In addition, the MACD also shows a buy signal, though momentum indicators such as the Stochastic RSI suggested some caution in the short term, as it was hovering within overbought levels. So, the crypto market is like a rollercoaster: everyone’s excited, but no one’s sure if they’ll survive the loop. 🎢
In a bullish scenario, a break above $930 might open the door for a retest of the mid-November high around $1,017. If BNB is unable to maintain support at $891, the 200-day SMA, which sits close to the psychological resistance at $900, will likely serve as the next key support level. Or, as I like to call it, “the point where everyone panics and buys more.” 🧠
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2026-01-06 14:05