BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance

Dec 20, 2023 08:00 am Cryptocurrency 72
BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance

BNB price gained momentum and climbed above the $250 resistance. It is showing positive signs and might rally toward the $272 resistance zone.


  • BNB price is moving higher above the $250 resistance.

  • The price is now trading above $250 and the 100 simple moving average (4 hours).

  • There was a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB/USD pair (data source from Binance).

  • The pair might continue to move up if there is a clear move above $258.

    • BNB Price Regains Traction


    These past few days, BNB price formed a base above the $230 level. The price started a decent increase above the $240 and $242 resistance levels. In the past two sessions, it even outperformed Ethereum and Bitcoin.


    BNB broke the 76.4% Fib retracement level of the downward move from ..

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