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<li>BNB price can fully initiate an upward trend by closing above the $265 level on a daily basis.</li>
<li>If the $265 resistance cannot be overcome, BNB price may retreat to the $220 levels, entering a downward movement.</li>
<li>For BNB to sustain its upward trend, it is important for it to rise to the $265 level with the support of Bitcoin.</li>
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<p><strong>When examining the Binance Coin (BNB) price chart, it is observed that the $265 resistance must be surpassed for the full initiation of the upward trend.</strong></p>
<h2 id="strong-medium-term-bnb-price-analysis-strong"><strong>Medium-Term BNB Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/BNB-Must-Break-its-Critical-Resistance-June-17-BNB-Analysis.png"><img decoding="async" class=" td-modal-image alignnone wp-image-133691 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/BNB-Must-Break-its-Critical-Resistance-June-17-BNB-Analysis.png" alt="Daily BNB/USD Price Chart" width="1986" height="857" /></a><br />
Daily BNB/USD Price Chart</p>
<p>When examining the Binance Coin (BNB) price chart, we observe that it is moving around the $246 levels. Today, it experienced a 4.41% increase, reaching the $249 levels.</p>
<p>For BNB price to fully initiate the upward trend, it needs to achieve daily candle closes above the $265 level.</p>
<p>If BNB price achieves closes above the $265 level, the next upward target can be set at $315.</p>
<p>However, if BNB price cannot surpass the $265 resistance, it may retreat to the $220 levels again.</p>
<p>BNB price may aim to rise to the $265 resistance with the rise of Bitcoin.</p>
<h2 id="strong-short-term-bnb-price-analysis-strong"><strong>Short-Term BNB Price Analysis</strong></h2>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/1687003828_642_BNB-Must-Break-its-Critical-Resistance-June-17-BNB-Analysis.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133692 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/1687003828_642_BNB-Must-Break-its-Critical-Resistance-June-17-BNB-Analysis.png" alt="1 Hour BNB/USD Price Chart" width="1986" height="857" /></a></p>
<p>1 Hour BNB/USD Price Chart</p>
<p>When examining the technical chart of BNB, we observe that it has broken the descending trendline and continued its upward movement after a retest.</p>
<p>In our previous BNB analysis, we shared that if it stays above the $231 level, the target would be set at $257. BNB price provided a 7% increase from this mentioned region, delivering returns to our readers.</p>
<p style="text-align: center;"><a href="https://en.coinotag.com/can-binance-coin-bnb-start-its-rise-june-16-bnb-analysis/" target="_blank" rel="noopener">Click Here to Review the Previously Shared BNB Analysis.</a></p>
<p>As long as BNB price achieves candle closes above the $241 level on an hourly timeframe, it has the potential to continue the upward movement towards the $257 levels.</p>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/binance-coin-must-break-its-critical-resistance-june-17-bnb-analysis/">Binance Coin Must Break its Critical Resistance! June 17 BNB Analysis</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.</p>

Binance Coin Must Break its Critical Resistance! June 17 BNB Analysis

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