Binance Coin (BNB) Aims for Massive Rally To This Level: Analysts See Bullish Rally Amid Consolidation

Binance Coin (BNB) has shown signs of revitalized upside momentum after a difficult bear market. However, the native exchange token now faces a critical test at resistance levels following a price surge in recent weeks.

According to analysis from the World of Charts, BNB spiked from its recent swing lows up to $310 before pulling back. World of Charts notes BNB is now consolidating constructively to digest overbought conditions:

“Bnb Trend Is Up & Consolidating In Bullish Flag Incase Of Breakout Expecting Massive Bullish Rally Towards 400$”

This aligns with analysis from altFINS highlighting an emerging bull flag continuation pattern. The bull flag comes after a significant BNB advance off its December lows, with another upside burst expected upon a successful breakout.

The first major target for BNB sits around the psychological $400 level, should bulls maintain control. For now, former resistance around $300 needs to hold up as support. Though momentum gauges show early signs of resetting to fuel the next leg higher.

Source: altFINS – Start using it today

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

Still, analysts note that crypto markets see considerable two-sided risks in the current environment. Extended advances remain prone to volatility amid questions about trend sustainability.

But BNB’s relatively constructive technical posture bodes well for measured upside continuation if pivotal supports are maintained. The coming sessions should determine whether BNB’s bull flag ushers in a decisive trend change or if more range awaits.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

CaptainAltcoin
Logo