Among the leftover effects of the bad market of 2022,BNB comes out as a particularly promising performer with constant momentum projected.
Under the handle “Without Worries” on TradingView, a crypto specialist has projected a major price rise above 800% and described a bright future for BNB.
Analyzing the BNB monthly chart, Without Worries reveals how regularly positive the altcoin is even after a significant 150% rise over the past year.
The study emphasizes BNB’s place in a historic uptrend channel, a rarity suggesting continuous increasing momentum since its launch. This runs counter to altcoins like Litecoin, which have lacked such channels.
BNB’s Positive Resistance Break
Of importance is the coin’s third resistance test just conducted following three years of consolidation. Nonetheless, the analyst claims that the present resistance test seems more positive due to various reasons, including the crossover of the Stochastic RSI over 80.
Last noted in May 2020, this event preceded a significant increase, implying a possible momentum continuance until August or September.
Later studies reveal BNB’s effective breach from the third resistance, which causes Without Worries to restiter expectations for an enormous price hike. Supported by the confirmation of a bull flag pattern, the analyst projects a price of $6,000, an increase of almost 800% from current levels.
With the rally projected to fully develop by September, around sixteen weeks or less than four months from the first study, the projection points to Binance coin only starting gaining trajectory.
