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- BNBBTC signals a potential major uptrend, breaking cycles and showing resilience against Bitcoin’s market fluctuations.
- Binance Coin shows growth opportunities with its first strong green weekly performance since March 2024.
In a tweet, renowned crypto analyst Alan Santana has underlined the crypto sector’s adaptability, stressing that another industry usually gets ready for expansion even if one of them is under decline.
Santana asserts that the prospects in the crypto sectors are truly limitless, and the market’s cyclical nature allows individuals to profit whether they choose to invest long or short.
BNBBTC Shows First Positive Momentum Since May 2022
Among Santana’s main findings is on the BNBBTC trading pair’s recent performance. Matching Binance Coin (BNB) against Bitcoin (BTC), it is showing first-time positive momentum since May 2022. Santana says this could indicate a big upsurge is about to start.
“When this pair starts growing,” he said, “it can break all cycles and grow regardless of what Bitcoin does.” This possible dissociation from the fluctuations of Bitcoin emphasizes the special chances BNB could present in the current environment of markets.
Santana especially noted that BNBBTC has shown resiliency in both declining and rising crypto markets. Following a protracted down correction, the pair produced its first significant green weekly candle since March 2024 this week.
Finding the bottom can help traders hoping to profit from this trend to make long-term gains as the positive wave keeps developing.
The encouraging future for Binance Coin fits past reports of Crypto News Flash (CNF). Strong technical patterns and bullish market sentiment helped BNB to a new all-time high (ATH) of $793. Targeting the $1,000 level as its next significant milestone, BNB is currently focusing on rising trade volume and bull market trends.
Meanwhile, as of writing, Binance Coin is trading at about $747.97. Over the last 24 hours, it has increased by 2.90%, and over the last 7 days, it has increased by 13.77%.
