BNB Price is Surging as The Gates To $400 Are Now Open

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	399,214,727,469	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

399,214,727,469

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	70.67	2.17%	3,322.78	3,322.61	3,322.75

Price Change

Price Change %

Current Price

Bid Price

Offer

70.67

2.17%

3,322.78

3,322.61

3,322.75

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,336.42	3,239.72	3,254.47	3,252.11	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,336.42

3,239.72

3,254.47

3,252.11

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:45:43	0.002684	3,322.78	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:45:43

0.002684

3,322.78

USD

Price x Volume	Volume	Base Symbol	Related Pairs
185,389,055.56	56,169.49	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

185,389,055.56

56,169.49

BNB Price is Surging as The Gates To $400 Are Now Open

02/02/2023 6:02am

NEWSBTC

BNB price (Binance coin) found support near $300 against the US Dollar. BNB rallied above $320 and might aim more upsides towards the $400 level. Binance coin price started a steady increase from the $300 support 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 contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair (data source from Binance). The pair could is rising and might climb further above the $335 resistance zone. Binance Coin Price Rallies Over 5% This past week, BNB price formed a support base above the $300 level. The bulls were active and they were able to pump the price above the $310 and $312 resistance levels. The price is up over 5% in a day and there was a move above the $320 resistance. Besides, there was a break above a major contracting triangle with resistance near $320 on the 4-hours chart of the BNB/USD pair. The pair is now showing positive signs, similar to bitcoin and ethereum. BNB traded as high as $332 and is currently consolidating gains. It is now trading above $320 and the 100 simple moving average (4-hours). It is also well above the 23.6% Fib retracement level of the upward move from the $301 swing low to $332 high. Source: BNBUSD on TradingView.com On the upside, the bears are protecting the $332 and $332 resistance levels. The next major resistance is near the $350 level, above which the price is likely to aim a test of the $400 level in the near term. Any more gains might send the price towards the $420 level. Dips Supported 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. It is near the 50% Fib retracement level of the upward move from the $301 swing low to $332 high. The next major support is near the $308 level. If there is a downside break below the $308 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, $315 and $308. Major Resistance Levels – $335, $350 and $400.

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