Rally

The post <a href="https://coinpedia.org/price-analysis/bnb-price-aims-to-push-beyond-300-eyes-20-hike-to-350/" rel="noopener noreferrer nofollow">BNB Price Aims To Push Beyond $300, Eyes 20% Hike To $350!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the bullish breakout rally of a rounding bottom pattern fueling the BNB price uptrend, the buyers are lining up for the altcoin. As the uptrend sustains above the $250 mark, the chances of a bullish year for Binance in 2024 improve significantly.&nbsp;
Moreover, the ongoing recovery with the <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" rel="noopener noreferrer nofollow">Binance price prediction</a> of starting the 2024 year at higher levels.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="484" src="https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-1024x484.png" alt="" class="wp-image-256615" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-1024x484.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/27130152/BNBUSD_2023-12-27_12-27-48.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source- <a href="https://www.tradingview.com/x/vbDchnzp/" rel="noopener noreferrer nofollow">Tradingview</a>
The recovery phase with the 38.20% Fibonacci level breakout at $258 marks a new bullish beginning for the BNB price trend. As the uptrend shows a post-retest reversal from the $258 mark, the buyers are firing their big guns.&nbsp;&nbsp;
Moreover, with the overnight jump of 11.57% as a post-retest jump, the market demand for Binance token skyrockets. The overnight uptrend crosses the $300 milestone and touches $304 but fails to close above it and ends the day at $297.
Currently, the BNB price trades at $294.6, with an intraday fall of 1.07%, representing a short-term pullback. However, the pushback from buyers results in a long tail formation and completes the retest of 61.80% Fibonacci level breakout.&nbsp;
Technical Indicators:
MACD Bands: The MACD and signal lines are firing up after the recent crossover and fuel the bullish histograms. Therefore, the momentum indicator shows a sharp rise in trend momentum in the Binance trend.&nbsp;
DMI indicator: The rising ADX line supports the sharp increase in trend momentum signal by MACD. Further, the rising VI lines display a bullish trend in BNB price trend.&nbsp;
<h2 class="wp-block-heading" id="h-will-bnb-price-breakout-rally-reach-350">Will BNB Price Breakout Rally Reach $350?</h2>
Currently, the BNB price trades at $294.6 and teases a sharp, bullish move to cross the psychological barirer of $300. Moreover, the Binance buyers find momentum as the overall market recovery gains momentum, which will fuel the uptrend in Binance.&nbsp;
Hence, the rising momentum teases a trend continuation in Binance to reach the $350 milestone, accounting for an almost 20% hike.&nbsp;
On the flip side, a reversal may retest the $280 mark.

BNB Price Aims To Push Beyond $300, Eyes 20% Hike To $350!

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