BNB Analysis: Bullish Wedge Breakout

[madtrader]

Hi

BNB has formed a classic wedge pattern following a strong impulsive move to the upside. After consolidating within this structure, price has now broken out above the upper trendline, signaling a continuation of bullish momentum.

Based on the measured move of the pattern, the first upside target is around $968, followed by a secondary target near $988.

The $940–$945 zone (highlighted in gray) appears to be a solid support and potential long entry area, especially if price pulls back and shows bullish confirmation from this region.

Overall, the structure favors the bulls as long as price holds above the breakout level and respects the gray support zone.

[nihalsari]

bnb wedge breakout looks clean but i’d rather see that pullback first