BNB price targets $785 following breakout above descending triangle resistance.
The post BNB price targets $785 following breakout above descending triangle resistance. appeared on BitcoinEthereumNews.com. BNB price climbed toward the $660 level after breaking above a multi-month descending triangle resistance, with traders increasingly positioning for a larger upside move toward the $785 region. Summary BNB broke above a multi-month descending triangle resistance, with the bullish breakout pattern projecting a potential move toward $785. CoinGlass data showed BNB futures open interest rising more than 7% over the past 24 hours as leveraged traders increased bullish positions. Technical indicators, including a bullish MACD crossover and a strong Aroon Up reading above 90, signaled strengthening upward momentum. After briefly dipping near $627 earlier this month, BNB (BNB) price rebounded sharply to trade around $655 at press time on May 11. The token has now gained steadily alongside the broader crypto market recovery as investor appetite for risk assets improved.