HomeBNB UpdatesIs a BNB Price Rally on the Horizon? Potential Trendline Break Could...

Is a BNB Price Rally on the Horizon? Potential Trendline Break Could Spark Surge Towards $635

Published on


Analysis of BNB Price Movement: Potential Rally Towards $635 Resistance Level

The price of BNB is currently on the rise, attempting a bullish move towards the bullish trendline. This positive momentum has traders and investors excited about the potential for a rally towards the $635 resistance mark. With the price of BNB trading at around $580 and showing a 4.15% increase, the market capitalization is over $85 billion with a trading volume of over $19 billion.

Technical analysis indicates that BNB is trading above the 100-day Simple Moving Average on the 4-hour chart, aiming for the bullish trendline. The 4-hour Composite Trend Oscillator suggests that the crypto asset may sustain its positive sentiment towards the trendline and target the $635 resistance level. On the 1-day chart, BNB is bullish and attempting a move towards the 100-day SMA and the bullish trendline.

Looking ahead, if BNB breaks above the bullish trendline, it could rally towards the $635 resistance level and potentially test the $724 resistance level. However, if it fails to break above the trendline and starts to drop, it may move towards the $500 support level and potentially lower levels. Traders and investors are closely watching these key levels to gauge the future direction of BNB.

Overall, the current price actions and technical indicators point towards sustained growth for BNB, providing readers with valuable insights into the potential future actions of this popular cryptocurrency.

Latest articles

What Comes After XRP’s Top 5 Profitability Achievement?

Analysis of XRP Price Performance and Profitability Compared to Other Cryptocurrencies Despite the underperformance...

Andrew Tate loses $10 million in new meme coin Top G ($TOPG)

Top G Crypto Token Drama: Andrew Tate Burns $TOPG Tokens and Sparks Twitter...

Investors in Pepe Coin Shift to Newest ICO – Will it Surpass Dogecoin?

Investing in Meme Coins: Pepe vs. Base Dawgz - A Comparison The cryptocurrency market...

Surpassing BNB and Jasmy: Projected $30 Target by 2030

Heading: BlockDAG Emerges as Top Contender in Crypto Market with 1000% Surge BlockDAG Emerges...

More like this

What Comes After XRP’s Top 5 Profitability Achievement?

Analysis of XRP Price Performance and Profitability Compared to Other Cryptocurrencies Despite the underperformance...

Andrew Tate loses $10 million in new meme coin Top G ($TOPG)

Top G Crypto Token Drama: Andrew Tate Burns $TOPG Tokens and Sparks Twitter...

Investors in Pepe Coin Shift to Newest ICO – Will it Surpass Dogecoin?

Investing in Meme Coins: Pepe vs. Base Dawgz - A Comparison The cryptocurrency market...
bitcoin
Bitcoin (BTC) $ 68,169.26
ethereum
Ethereum (ETH) $ 2,696.94
tether
Tether (USDT) $ 0.999723
bnb
BNB (BNB) $ 604.79
solana
Solana (SOL) $ 165.66
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.550802
staked-ether
Lido Staked Ether (STETH) $ 2,695.78
dogecoin
Dogecoin (DOGE) $ 0.144031
tron
TRON (TRX) $ 0.157533