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Binance Coin (BNB) is drawing renewed attention as traders eye a potential breakout from a tightening triangle pattern. With resistance near $593 and a market cap of $83 billion, analysts are weighing bullish targets against a bearish long-term forecast. The token’s next move could hinge on key support and resistance levels.
- BNB's triangle pattern suggests an imminent breakout, with analysts setting bullish targets at $599, $617, and $644.
- A conflicting long-term forecast predicts a 32% decline to $402 by June 2025, contrasting with current technical strength.
- Market sentiment is neutral (Fear & Greed Index: 52), with BNB showing 15 green days in 30 and low volatility (2.5%).
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