Cryptocurrency

<ul>
 <li>Last month, <a href="https://www.coingabbar.com/en/crypto-currency/binancecoin-bnb-prices-usd" title="BNB" class="f-link">BNB </a>found support above $290 and experienced a surge, breaking through a resistance line earlier this month.</li>
 <li>The recent breakthrough over $367 represents a shift from the preceding range market.</li>
 <li>Successful retest of the $350 breakthrough suggests significant upward momentum.</li>
 <li>Bullish mood is clear as the $BNB price shows a significant V-shaped turnaround.</li>
 <li>A rounding bottom reversal pattern was found, with bulls breaching the neckline at $350.</li>
 <li>A 6% overnight rally produces a bullish engulfing candle, which might pave the way for a $400 breakthrough.</li>
 <li>#Binance's price trend is strongly positive, pushing the $400 psychological barrier.</li>
 <li>$BNB now trades around $380, with an intraday Doji candle indicating a momentary break before the uptrend begins.</li>
 <li>#Binance sets a new 52-week high, showing a largely optimistic mood in the crypto market.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="CoinGabbar Prediction" class="f-link">CoinGabbar Prediction</a>, Inability to exceed the $400 level could result in BNB retracing towards the $350 support, while surpassing this level may propel it towards $450.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $388-$400
SUPPORT LEVEL : $370-$360
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Binance Price Prediction: Is $400 the Next Milestone

Coingabbar

Other articles published on Feb 22, 2024

Smog Price Prediction – Can a Possible CEX Listing Fuel 10x Growth for $SMOG?

Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) Price Forecast

Ethereum Price Could Reach $4,000 In March On 4 Factors Including Spot ETF

Binance Coin (BNB) Defies Market Downtrend with 6% Surge

Ethereum Staking Value At $110 Billion While Pambo and BlockDAG Presale Revenues Skyrocket

Sisters That Made $10 Million With Dogecoin (DOGE) Now Hold Option2Trade (O2T)

Join our free newsletter for daily crypto updates!