Binance Coin looks good again from a technical standpoint. The BNB team continues to build and improve the chain and will soon release Maxwell Hardfork. The testnet will take place on May 26th, and teams predict that the chain will become more efficient. It is combined with an auto-ban mechanism with the aim of reducing the total coins in circulation to 100 million by 2028.
What a strong chart!
Abundance over a year
$ bnb I’m going to push it high to find the price
#binancecoin pic.twitter.com/xt1pfzq0lf
– Alex Clay (@cryptclay) May 21, 2025
Looking at the charts shared by Alex Clay, we see that he has identified the best breaks of his previous history and views the latest price action as a re-accumulation. To catch up with the context behind my drawings, please revisit the previous article here.
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Binance Coins Looks Good on Charts: Technical Insights
(bnbusd)
Starting this analysis again on the weekly chart, we can see that the BNB is pushed upward from the shape of this diamond (ISH). Often such a diamond pattern is called a diamond top, but its clean breakout is a real indicator of where the price is heading. Still, it is important to note that this is a rather rare pattern. Therefore, its accuracy is not as high as, for example, a rectangle.
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(bnbusd)
Going into the daily time frame, you will see that the price has three clean touches and rebounds from the bottom trend line, breaking above the top trend line. BNB also broke the lower downtrend at the bottom. In other words, we broke the market structure by printing higher and higher and lower ones. The portion that adds a few percent to the bullish continuation is the retrieval and retest of the MA200.
If you were to enter a long position here, you would place the stop at $630 under the MA200 level.
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(bnbusd)
Finishing your analysis with the 4H time frame chart, you will see another powerful upward momentum movement begins. Binance Coin has been working well with Bitcoin over the past few weeks, and as Bitcoin heads for a new ATH, it is possible that BNB will do the same for $940-950 as its potential next target. Stay safe there!
For the latest market updates, please join us in the discrepancy in 99bitcoins news here
BNB Coin Showing Strength: Enter New ATH
BNB price hover below the last resistance
Bullish emanation in RSI 1D
The weekly time frame shows the strength of the RSI building, with the diamond pattern broken upwards
A potential breakout for the new ATH, attracting $950 attention.
Post-Binance BNB Coin Showing Strength: A new ATH input first appeared in 99 Bitcoin.
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