Binance coin (BNB) is showing strength from a technical perspective with the upcoming release of the Maxwell Hardfork and the chain becoming more efficient.
Alex Clay's chart analysis indicates a break of the previous all-time high and views the latest price action as re-accumulation.
On the charts, BNB is seen pushing higher from a diamond(ish) pattern on the weekly chart and breaking market structure on the daily timeframe with a potential breakout towards a new all-time high targeting $950.
The BNB price is hovering below the last resistance, RSI shows bullish divergence on the 1-day chart, and the weekly timeframe reveals a Diamond pattern breaking upwards with a potential target of $950.