BNB Price Surges Over 20% in a Week And Rally Seems Far From Over

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	92,527,802,889	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

92,527,802,889

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.591502	0.10%	586.29	586.23	587.70

Price Change

Price Change %

Current Price

Bid Price

Offer

0.591502

0.10%

586.29

586.23

587.70

High Price	Low Price	Open Price	Prev. Close	52 Week Range
589.37	580.02	585.38	585.70	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

589.37

580.02

585.38

585.70

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	12:12:54	0.085000	586.29	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

12:12:54

0.085000

586.29

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,132,229.34	8,755.94	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,132,229.34

8,755.94

BNB Price Surges Over 20% in a Week And Rally Seems Far From Over

17/03/2023 5:30am

NEWSBTC

BNB price (Binance coin) is up over 20% and trading above $320 against the US Dollar. It could continue to move up if there is a break above the $335 resistance. Binance coin price is showing bullish signs above the $320 level against the US Dollar. The price is now trading above $320 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $284 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could accelerate gains if there is a clear move above the $335 resistance. Binance Coin Price Remains In Uptrend In the past few days, BNB price saw a steady increase from the $265 support zone. The price cleared the $280 and $285 resistance levels to move into a positive zone, similar to bitcoin and ethereum. Besides, there was a break above a major bearish trend line with resistance near $284 on the 4-hours chart of the BNB/USD pair. The pair even surged above the $320 resistance zone. It is up over 20% in a week and trading above the $315 resistance. BNB price is now trading above $320 and the 100 simple moving average (4-hours). A high is formed near $334 and the price is consolidating gains well above the 23.6% Fib retracement level of the upward move from the $300 swing low to $334 high. On the upside, an immediate resistance is near the $335 zone. The next major resistance is near the $342 level. The main resistance is forming near the $350 zone. Source: BNBUSD on TradingView.com A clear move above the trend line and then $350 might send the price towards the $365 resistance. Any more gains might send the price towards the $380 level. Dips Limited in BNB? If BNB fails to clear the $335 resistance, it could start a downside correction. An initial support on the downside is near the $325 level. The first major support is near the $315 level or the 50% Fib retracement level of the upward move from the $300 swing low to $334 high. The next major support is near the $312 level. If there is a downside break below the $312 support, there could be an extended decline towards the $300 support. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $325, $312 and $300. Major Resistance Levels – $335, $345 and $350.

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BNBUSD Binance Coin