The Price of Binance Coin Continues to Rise
The price of Binance (BNB) coin has been steadily increasing after breaking out of its previous trading range. On February 15, the price broke through the resistance level at $330 and reached a high of $366.67. Despite a slight dip, the bulls have pushed the price back up, and BNB is currently sitting at $362.78. If the current resistance is broken, BNB is predicted to rise even further to a high of $400.
BNB Indicator Reading
BNB has been in a bullish trend zone since February 15. As long as the price bars remain above the moving average lines, the upward movement is expected to continue. The horizontal moving average lines are also sloping upwards, indicating an uptrend.
Technical Indicators
Key resistance levels for BNB include $300, $350, and $400. On the other hand, key support levels are at $200, $150, and $100.
What’s Next for BNB/USD?
On the 4-hour chart, BNB has resumed its uptrend after breaking out. However, it is currently struggling to overcome resistance at $365. The price has tested this resistance twice but failed to break through it. Once this resistance is successfully breached, the uptrend will continue.
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