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

Jan 12, 2024 06:00 am Cryptocurrency 189

BNB price is holding gains above the $300 pivot level. It is showing positive signs and might rally toward the $350 resistance zone.

BNB price is moving higher above the $300 resistance.

The price is now trading near $310 and the 100 simple moving average (4 hours).

There is a key declining channel or a bullish flag pattern forming with resistance near $325 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 $315 and $325

BNB Price Aims Higher

After a major increase, BNB price faced resistance near the $340 zone. The price started a downside correction and recently tested the $290 zone. A low was formed near $289, and the price is now attempting a fresh increase, like Bitcoin and Ethereum.

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