BNB Price Prediction – Why Bulls Could Aim Fresh Rally To $350

BNB value is holding beneficial properties above the $300 pivot degree. It’s exhibiting optimistic indicators and may rally towards the $350 resistance zone.

• BNB value is transferring increased above the $300 resistance.
• The worth is now buying and selling close to $310 and the 100 easy transferring common (4 hours).
• There’s a key declining channel or a bullish flag sample forming with resistance close to $325 on the 4-hour chart of the BNB/USD pair (knowledge supply from Binance).
• The pair may proceed to maneuver up if there’s a clear transfer above $315 and $325

BNB Value Goals Larger

After a serious enhance, BNB value confronted resistance close to the $340 zone. The worth began a draw back correction and not too long ago examined the $290 zone. A low was fashioned close to $289, and the value is now trying a contemporary enhance, like Bitcoin and Ethereum.

There was a transfer above the $295 and $300 ranges. The bulls pushed the value above the 50% Fib retracement degree of the downward transfer from the $332 swing excessive to the $289 low. BNB is now buying and selling close to $310 and the 100 easy transferring common (4 hours).

The present value motion is optimistic and indicators extra upsides. Rapid resistance is close to the $315 degree. It’s near the 61.8% Fib retracement degree of the downward transfer from the $332 swing excessive to the $289 low.

The following resistance sits close to the $322 degree. There may be additionally a key declining channel or a bullish flag sample forming with resistance close to $325 on the 4-hour chart of the BNB/USD pair. A transparent transfer above the $225 zone may ship the value additional increased.

Supply: BNBUSD on TradingView.com

Within the said case, BNB value may check $340. An in depth above the $340 resistance may set the tempo for a bigger enhance towards the $350 resistance. Any extra beneficial properties may name for a check of the $375 degree.

Draw back Correction?

If BNB fails to clear the $322 resistance, it may begin a draw back correction. Preliminary assist on the draw back is close to the $300 degree.

The following main assist is close to the $292 degree. The principle assist sits at $288. If there’s a draw back break under the $288 assist, the value may drop towards the $262 assist. Any extra losses may provoke a bigger decline towards the $250 degree.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining tempo within the bullish zone.

4-Hours RSI (Relative Power Index) – The RSI for BNB/USD is at present above the 50 degree.

Main Assist Ranges – $300, $292, and $288.

Main Resistance Ranges – $315, $322, and $325.

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