Binance Coin Blasts Past This Key Level: Here’s How High BNB Prices Could Go If Uptrend Persists

The major cryptocurrency BNB has seen its price jump significantly this week, rising over 10% in the last 7 days. At press time, BNB was trading at $381.15 according to CoinGecko data, up 4.58% in the last 24 hours alone.

Analysis and Events Fueling BNB’s Rise

BNB has shown impressive resilience and momentum amid the market volatility lately. While Bitcoin struggles above $50,000 resistance, altcoins like BNB are rapidly recovering lost ground.

In the past month, BNB prices have spiked nearly 30%, regaining a $60 billion market cap. However, they remain 45% below BNB’s record high of $690.93. Now, according to Coinpedia’s latest technical analysis, growing evidence suggests that BNB may be gearing up to test or even surpass this previous peak.

Several key drivers highlighted in the report explain why analysts are turning bullish:

  • Price Action Signals: BNB shows a classic V-shaped reversal and rounding bottom pattern with support at $350. This indicates a solid uptrend has formed.
  • Trading Activity: Volumes spiked as BNB surged 7% overnight to hit $379. The bullish candle patterns reinforce the emerging trend.
  • Momentum Metrics: BNB’s ADX line saw a massive spike just as prices broke out upwards, reflecting an explosion of trend momentum.

With these tailwinds, BNB looks well-positioned to continue running higher in the days and weeks ahead.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

Upside Targets for BNB in the Near and Long Term

If positive sentiment endures, analysts expect BNB may soon break above the psychological $400 level initially, with tougher resistance anticipated around $440. In the long term, given the regained bullish momentum beyond $350, BNB seems capable of revisiting or even exceeding its previous peak value of $690 in the future. This would represent over 80% upside from the current trading price.

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:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo