BNB Price Close Above $340 Could Spark Larger Rally To $400

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	192,148,153,975	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

192,148,153,975

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	6.39	0.40%	1,599.25	1,841.00	1,841.01

Price Change

Price Change %

Current Price

Bid Price

Offer

6.39

0.40%

1,599.25

1,841.00

1,841.01

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1,632.94	1,588.96	1,593.57	1,592.86	1,073.42 - 2,142.85

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1,632.94

1,588.96

1,593.57

1,592.86

1,073.42 - 2,142.85

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:48:45	0.003096	1,599.25	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:48:45

0.003096

1,599.25

USD

Price x Volume	Volume	Base Symbol	Related Pairs
112,725,519.89	70,045.57	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

112,725,519.89

70,045.57

BNB Price Close Above $340 Could Spark Larger Rally To $400

27/03/2023 7:18am

NEWSBTC

BNB price (Binance coin) is showing positive signs above the $320 level against the US Dollar. It could continue to move up if there is a break above the $340 resistance. Binance coin price is showing bullish signs above the $320 level against the US Dollar. The price is now trading above $315 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $330 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 $340 resistance. Binance Coin Price Eyes More Gains In the past few days, BNB price saw a decent increase above the $300 resistance, similar to bitcoin and ethereum. There was a clear move above the $320 and $335 resistance levels. However, the bulls failed to clear the $350 resistance zone. A high was formed near $347 and the price recently started a downside correction. There was a move below the $335 and $330 levels. The price declined below the 50% Fib retracement level of the upward move from the $300 swing low to $347 high. However, BNB price is still trading above $315 and the 100 simple moving average (4-hours). It stayed above the 61.8% Fib retracement level of the upward move from the $300 swing low to $347 high. On the upside, an immediate resistance is near the $330 zone. There is also a key contracting triangle forming with resistance near $330 on the 4-hours chart of the BNB/USD pair. The next major resistance is near the $335 level. The main resistance is forming near the $340 zone. Source: BNBUSD on TradingView.com A clear move above the triangle resistance and then $340 might send the price towards the $365 resistance. Any more gains might send the price towards the $400 level. Downside Break in BNB? If BNB fails to clear the $340 resistance, it could start another decline. An initial support on the downside is near the $322 level. The first major support is near the $315 level or the 100 simple moving average (4-hours). The next major support is near the $300 level. If there is a downside break below the $300 support, there could be an extended decline towards the $280 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 – $322, $315 and $300. Major Resistance Levels – $330, $340 and $365.

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