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Binance Coin awaits potential 25% surge from this rising wedge
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Binance Coin has taken shape within a rising wedge since early-September, snapping consecutive higher highs and higher lows. As the price approached the apex of its wedge following a near 10% surge, contradicting signals between the MACD and RSI suggested that observers might have to wait for a breakout above the 61.8% Fibonacci level.
Nevertheless, BNB was well within a bullish-bias and its long-term outlook presented massive upside moving forward. At the time of writing, BNB traded at $498, up by 4% over the last 24 hours.
Source: BNB/USD, TradingView
Since end-September, Binance Coin has embarked on a steady uptrend, with clear contacts made at the 23.6%, 38.2% and 50% Fibonacci levels. Should BNB now register a close above $508 and the
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