Binance Coin’s Bullish Momentum

Binance Coin (BNB) is showing strong bullish momentum as it edges closer to invalidating the death cross formed on March 17. The asset has seen a notable increase in trading volume while pushing higher, indicating robust market support behind its current uptrend.

Understanding the Death Cross

A death cross occurs when a short-term moving average, typically the 50-day, crosses below a long-term moving average, such as the 200-day. This pattern is often regarded as a bearish signal. However, BNB’s price action suggests that this formation may be short-lived, as the asset approaches a critical breakout zone that could lead to the formation of a golden cross — the opposite of a death cross, which signals a return to bullish conditions.

Volume Surge and Market Indicators

The surge in volume accompanying BNB’s upward movement further reinforces the likelihood of trend continuation. Typically, a price rally backed by increased trading volume suggests strong buying pressure, decreasing the chances for a sharp reversal. Additionally, the RSI (Relative Strength Index) is moving toward neutral ground, indicating that BNB is not yet in overbought territory and may have room for further gains.

Key Resistance Level

In the coming days, the highlighted resistance level around $640 will be crucial. If BNB breaks above this level with sustained volume, it could confirm the invalidation of the death cross and pave the way for a golden cross formation, potentially leading to further price appreciation. Conversely, failing to clear this resistance may lead to a temporary consolidation phase before another attempt at breaking higher.

Conclusion

Overall, the current technical setup suggests that BNB is in a strong position to continue its recovery. The next few trading sessions will be pivotal in determining whether the asset can transition from a death cross to a golden cross, further solidifying its bullish trajectory.