Could This Familiar Bullish Pattern on Binance Coin (BNB) Price Chart Spark Alt Season 2025?
Many people are wondering when the next altcoin season could start and have been checking for various signals that might signal this. One of the latest opinions about this is that of Master Kenobi, a crypto analyst, who suggests that Binance Coin (BNB) might be on the verge of a significant breakout, potentially heralding the start of the 2025 altcoin season.
The analysis reveals a recurring pattern in BNB price movement. Master Kenobi has identified two distinct ascending triangle patterns, each spanning approximately 40 days. These patterns, characterized by gradual upward trends during price consolidation, typically signal building bullish momentum.
What makes this observation particularly intriguing is the 270-day cycle between these patterns. This extended timeframe appears to align with broader market cycles, possibly correlating with Bitcoin halving events and overall crypto market dynamics.
What you'll learn 👉
Technical Indicators Paint a Bullish Picture for Binance Coin
Looking at the Relative Strength Index (RSI), a key momentum indicator, Master Kenobi points out crucial moments where momentum shifts from bearish to bullish territory. The RSI’s behavior, particularly its sharp rebounds from key levels, has historically coincided with significant upward price movements for BNB.
Currently, BNB appears to be approaching the conclusion of another 40-day ascending triangle pattern. According to Master Kenobi’s analysis, this setup bears striking similarities to previous patterns that resulted in notable breakouts.
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BNB as a Market Bellwether
The significance of this pattern extends beyond just BNB’s price action. As the coin of a leading cryptocurrency exchange and a market leader on its own, BNB could serve as an indicator for the broader altcoin market. Master Kenobi suggests that a breakout in BNB could signal growing investor confidence in alternative cryptocurrencies as a whole.
While the technical setup appears promising, confirmation signals are needed. It’s worth noting that Master Kenobi includes the standard “NFA” (Not Financial Advice) disclaimer, encouraging investors to conduct their own research before making any investment decisions based on this analysis.
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