Bitcoin

Billion

The post <a href="https://coinpedia.org/price-analysis/bnb-price-prediction-binance-preps-400-breakout-eyes-440-next-week/" rel="noopener noreferrer nofollow">BNB Price Prediction: Binance Preps $400 Breakout, Eyes $440 Next Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Despite the Bitcoin price witnessing a lethargic movement above the $50,000 mark, the altcoins are taking a quick recovery sprint. With the BNB price skyrocketing with a high momentum post-retest reversal, Binance enters the list of top performers today.&nbsp;
With a $56 Billion market cap, Binance is finding its lost charm despite being at a discount of 45% from the all-time high of $690.93. Hence, with the ongoing reversal, the chances of a new all-time high are significantly improving.&nbsp;
So, Will the BNB Price Cross $700? Check out our <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" rel="noopener noreferrer nofollow">Binance price prediction</a> and find out how high the BNB price will go in 2024.&nbsp;
<h2 class="wp-block-heading" id="h-binance-eyes-400-breakout">Binance Eyes $400 Breakout</h2>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-1024x483.png" alt="" class="wp-image-271926" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/22120113/image-161.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source- <a href="https://www.tradingview.com/x/dk3ukFDL/" rel="noopener noreferrer nofollow">Tradingview</a>
With the rising momentum and the successful retest of the $350 breakout, the BNB price displays a sharp V-shaped reversal. Further, the Binance price showcases a rounding bottom reversal with the neckline at $350.
Hence, the successful retest marks a prominent breakout run, and the rise in trading volume supports the continuation of the uptrend. With the 7% jump overnight, the bullish engulfing candle comes as a strong entry candle with a high possibility of a $400 breakout.
Currently, the BNB price trades at $379.8 with an intraday Doji candle in the making, representing a short pause before the trend continuation. Making the new 52-week high, the sentiments are extremely bullish for Binance in the crypto industry.&nbsp;
DMI Indicator: With bullish stride, the sharp increase in the ADX line represents a huge spike in trend momentum.&nbsp;
<h2 class="wp-block-heading" id="h-will-bnb-price-cross-700">Will BNB Price Cross $700?</h2>
With a 30% jump in the last&nbsp; 30 days, the BNB price showcases a prevailing bullish trend that is continuing and ready for a longer run. Further, the $350 retest jumps heads to challenge the $400 barrier with increased breakout chances. Hence, the possibility of a bull run to the $700 mark for a new all-time high for Binance is increasing day by day.
On a shorter timeframe, the $440 will come as the initial resistance level above $400.

BNB Price Prediction: Binance Preps $400 Breakout, Eyes $440 Next Week

Table of Contents

CoinPedia News

Other articles published on Feb 22, 2024

Dogecoin Founder Refutes Rumors of His Wealth Size

Arc8 x Africarare | Win UBU Tokens and Land NFTs in Arc8's African Adventure

SHIB Lead Dev Gives Major Update On Shiba Inu ERC404 Tokens

Ripple’s XRP: Analyzing the Impact of Token Supply and Sales on Market Dynamics

USDC Makes Debut on Celo Mainnet Enabling Seamless Transactions

Worldcoin’s Price Surge Sets New Record, Optimism for Continued Growth High

Join our free newsletter for daily crypto updates!