altFINS

Captain

Billion

Coin

<p>Crypto analyst Captain Faibik offered up a bullish <a href="https://twitter.com/CryptoFaibik/status/1739884124847100328?t=Z2rbg71ISadGRgyaztuQgw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">outlook</a> on major exchange token Binance Coin (BNB), asserting fresh all-time highs are on the horizon in early 2024 as momentum builds behind the Binance ecosystem.</p>
<p>Recent fundamental <a href="https://twitter.com/BSC_Highlights/status/1739695257456091591?t=Iqtvm6VroSiPA1Jq66kw5w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">developments</a> look supportive, with Binance tokenizing a basket of liquid staking derivatives (ASX) and making that asset tradable against BNB. Expanding crypto investment offerings broadens the use cases and utility of holding BNB.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="492" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1024x492.png" alt="" class="wp-image-407538" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1024x492.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-300x144.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-767x369.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-1536x739.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-2048x985.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-312x150.png 312w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-728x350.png 728w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710-788x378.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-710.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Technically, as highlighted by altFINS, BNB staged a decisive breakout above its 200-day moving average as well as formidable resistance in the $260 area that had capped price action the past six months. That breach helped confirm the resumption of BNB’s core bullish trend across timeframes.</p>
<p>The sharp pop opens the door for measured upside toward the $300 mark in the first take. Captain Faibik expects the breakout to fuel increasing momentum through the first half of 2024, likely culminating with fresh record highs for Binance Coin.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1024x573.png" alt="" class="wp-image-407547" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-711.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
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<p>As the native token of the world’s leading centralized exchange, BNB enjoys deep liquidity and reflects the prevailing sentiment across crypto markets. With volume and volatility resurfacing recently as Bitcoin consolidates, demand for trading and speculation benefits BNB disproportionately during rallies.</p>
<p>While some momentum deterioration has surfaced following BNB’s initial spike, as long as $260 holds as support, the technical posture remains promising. With retail euphoria still lacking during this nascent upswing, conditions align for tremendous BNB upside ahead if risk appetite continues improving in 2023.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-bnb-price-up/" rel="noopener noreferrer nofollow">Why is BNB Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is BNB Price Up?

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