BNC - Shift in Momentum in Action!

19 ago

In our last update, we pointed out how BNC was holding its ground at the $12–$15 support zone. Now, we’re seeing that shift in momentum play out in real time; with the bears losing steam and the bulls taking over.

📊 Technical Update

The chart shows it clearly:

- In the bearish phase, every downward impulse got weaker — from big and steep to small and flat. Selling pressure was fading.

- Bulls stepped in at the $15 demand zone, flipping the structure bullish.

- Since then, we’ve seen a big and flat bullish impulse, hinting at healthy accumulation before the next leg.

🔎If momentum holds:

- First target: $50 => a structural resistance and psychological barrier.

- Second target: $82 => the top of the projected markup, filling a major price gap.

As long as $23 holds, and especially $15, the bullish case remains strong.

💡 Bigger Picture

This isn’t just a chart story — it’s backed by fundamentals. BNC is the first U.S.-listed company making BNB its core treasury asset, giving investors rare one-click exposure to a coin most can’t buy directly.

With over $500M already in BNB and a clear first-mover advantage, the mix of a strong macro narrative and a clear bullish shift makes this a setup worth watching closely.

📌 Previous BNC analysis is attached for context.

➡️ As always, speak with your financial advisor and do your own research before making any investment decisions.

📚 Always follow your trading plan => including entry, risk management, and trade execution.
Good luck!

All Strategies Are Good, If Managed Properly.
~ Richard Nasr

24 ago

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