Binance Coin (BNB) seems to thrust upwards targeting the $350 mark with the support level spotted at $275 and resistance at $295.
According to CoinMarketCap, the Binance Coin’s price has spiked by 3.06% or $300.17 as of this writing.
Meanwhile, BNB has tapped on the support zone at $240 instigating a bullish movement that would push it closer to the $300 mark. On the other hand, the coin is still met with rather strong selling pressure.
Generally, the crypto market has been making positive price jumps signaling a bullish rally seen in the past 24 hours.
Chart: TradingView.com
Bullish Movement Seen With Strong Buying Activity
According to TradingView, the MACD is looking extremely bearish as seen in the red color of the chart. But, the histogram’s lighter shade implies a plunge in bearish momentum as BNB goes for a support above $280.
Price movement seen in the last ten days is significantly low. However, with the strong buying activity, the current EMAs reveal a bullish movement seen at 12-EMA ..
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