🚨 BNB Price Action Update 🚨

BNB's short-term outlook is looking bullish, with ascending channel support zones at $1,200, $1,260, and $1,280. Analysts are eyeing upside targets of $1,504, offering a 13.54% gain, though profit-taking near all-time highs could impact momentum.

🔑 Key Points:

Wyckoff accumulation pattern forming between $1,260-$1,280.

Meme coins crash 90%, leading to a 6% correction below $1,240 for BNB.

Strong resistance expected near $1,400-$1,500. Success above $1,350 could trigger bullish continuation.

Consolidation above $1,200-$1,250 key for BNB’s future.

👀 Looking Ahead:
Institutional and meme coin volatility are influencing short-term movements. Traders should watch for consolidation above $1,250 for potential bullish continuation.