Alex also noted that the token surged above the $620 barrier, printing "consistent green candles above the crucial resistance level,” which suggests that it is "primed for more upside.” BNB Chain Surpasses Solana’s DEX Volume Ted Pillows also affirmed that BNB’s chart looks promising, with a "double-bottom pattern along with fundamentals getting better.” The analyst highlighted that the BNB Chain has surpassed Solana’s decentralized exchange (DEX) volume in the past 24 hours, which could fuel the token’s rally to reclaim the $640 level.
To him, "Once that happens, BNB will hit a new ATH in no time.” Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target According to DeFiLlama data, BNB Chain’s trading volume surged to $1.64 billion on Sunday, surpassing Solana’s $1.07 billion registered on March 16.
According to Runefelt, the token has "all the chances” to break this downtrend line once it "gains some foothold” above the recently reclaimed horizontal levels Meanwhile, AMCryptoAlex highlighted that BNB broke out of an inverse Head and Shoulders pattern following its performance.
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