BNB Price Prediction – Why Bulls Could Aim Fresh Rally To $350

BNB worth is holding good points above the $300 pivot stage. It’s exhibiting constructive indicators and may rally towards the $350 resistance zone.

• BNB worth is transferring increased above the $300 resistance.
• The value is now buying and selling close to $310 and the 100 easy transferring common (4 hours).
• There’s a key declining channel or a bullish flag sample forming with resistance close to $325 on the 4-hour chart of the BNB/USD pair (knowledge supply from Binance).
• The pair may proceed to maneuver up if there’s a clear transfer above $315 and $325

BNB Worth Goals Larger

After a significant enhance, BNB worth confronted resistance close to the $340 zone. The value began a draw back correction and just lately examined the $290 zone. A low was shaped close to $289, and the worth is now making an attempt a recent enhance, like Bitcoin and Ethereum.

There was a transfer above the $295 and $300 ranges. The bulls pushed the worth above the 50% Fib retracement stage of the downward transfer from the $332 swing excessive to the $289 low. BNB is now buying and selling close to $310 and the 100 easy transferring common (4 hours).

The present worth motion is constructive and indicators extra upsides. Instant resistance is close to the $315 stage. It’s near the 61.8% Fib retracement stage of the downward transfer from the $332 swing excessive to the $289 low.

The subsequent resistance sits close to the $322 stage. There may be additionally a key declining channel or a bullish flag sample forming with resistance close to $325 on the 4-hour chart of the BNB/USD pair. A transparent transfer above the $225 zone might ship the worth additional increased.

Supply: BNBUSD on TradingView.com

Within the acknowledged case, BNB worth might check $340. An in depth above the $340 resistance may set the tempo for a bigger enhance towards the $350 resistance. Any extra good points may name for a check of the $375 stage.

Draw back Correction?

If BNB fails to clear the $322 resistance, it might begin a draw back correction. Preliminary help on the draw back is close to the $300 stage.

The subsequent main help is close to the $292 stage. The primary help sits at $288. If there’s a draw back break beneath the $288 help, the worth might drop towards the $262 help. Any extra losses might provoke a bigger decline towards the $250 stage.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining tempo within the bullish zone.

4-Hours RSI (Relative Power Index) – The RSI for BNB/USD is at present above the 50 stage.

Main Assist Ranges – $300, $292, and $288.

Main Resistance Ranges – $315, $322, and $325.

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