Rally

2024

The post <a href="https://coinpedia.org/price-analysis/bnb-price-recovery-speeds-up-eyes-350-this-week/">BNB Price Recovery Speeds Up, Eyes $350 This Week!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Gaining the bullish momentum as we step ahead into 2024, the BNB price trend refuels the uptrend with a retest phase going well. The post-retest bounce back, and the buyers reclaiming the lost Fibonacci level marks an entry opportunity for sideline buyers.&nbsp; 
Moreover, the bullish trend as the market takes a step back reflects the dominant bulls actively taking over the trend. This supports the <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/">Binance price prediction</a> of starting the 2024 year to take over higher levels.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="471" src="https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-1024x471.png" alt="" class="wp-image-258545" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-1024x471.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-300x138.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-768x353.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-1536x707.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/04114114/BNBUSD_2024-01-04_10-41-33.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/BBkW6Z8b/">Tradingview</a> 
With the BNB price fracturing multiple resistances in the daily chart, the buyers are in a frenzy to hoard more at an extra premium. Following the $300 breakout, the uptrend in Binance grows stronger and retests the bullish break this week.&nbsp; 
The uptrend accounts for a jump of 56% within the last 90 days, with the trading volume spikes supporting the frequent price jumps. As of now, BNB price reverses from the $300 retest and is ready to surpass the previous spike at $323.&nbsp; 
Currently, the BNB price trades at $320.5 with an intraday rise of 1.42%, representing today’s bullish momentum. Further, the intraday jump puts the Binance strong above the 78.60% Fibonacci level and teases a bull run beyond.&nbsp; 
Technical Indicators: 
MACD Bands: The short-term reversal and the consolidation led to a stagnancy in MACD and signal lines, teasing a negative crossover. However, the ongoing recovery might soon avoid the crossover and fuel the recovery to higher levels.&nbsp; 
EMA: The rising 20D and the 50D EMA projects a strong uptrend in motion.&nbsp; 
<h2 class="wp-block-heading" id="h-will-bnb-price-breakout-rally-reach-350">Will BNB Price Breakout Rally Reach $350?</h2> 
Currently, BNB is trading at $320.5, and it’s looking to make a sharp, bullish move to break through the previous swing high at $323. The overall market recovery is gaining momentum, which is fueling the uptrend in BNB. This rising momentum suggests that BNB could continue to trend higher and reach the $350 mark. It could even go as high as $400 in 2024. 
On the other hand, a reversal may test the $280 level.

BNB Price Recovery Speeds Up, Eyes $350 This Week!

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