World

Coin

Gains

<p>World of Charts, a top crypto analyst, has <a href="https://x.com/WorldOfCharts1/status/1775906938582356328" target="_blank" rel="noopener noreferrer nofollow">shared</a> a bullish price prediction for Binance Coin (BNB) based on a technical analysis of the coin’s chart. According to the analyst’s assessment, BNB is forming a bullish pennant pattern in the 4-hour timeframe, suggesting a potential upside breakout in the near future.</p>
<h2 class="wp-block-heading" id="strong-bullish-pennant-formation-strong"><strong>Bullish Pennant Formation</strong></h2>
<p>The chart analysis from World of Charts reveals a consolidation pattern resembling an ascending triangle, also known as a bullish pennant. This pattern is characterized by a horizontal resistance line along the highs and an ascending support line along the lows. Significantly, the price action has repeatedly touched the support line, indicating a strong level of buyer interest.</p>
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe9WKiRYaLM81PXBxhjKTOjnHKdSH3cGZjgs_edTwLh_VzRPp9ZY6SwncuiSMlsXFod2LH3izO156lRBZOV22k2eSMekozLmnJXAQ2y99qm2G-sFqP5bOfmEeXM_FvMFjbwtBuELGqbD5oSzdOnjHojB5PZ?key=Zt-39PlcaifkO7bmpaWAng" alt="" style="width: 100%;height:auto">
</figure>
<p>Moreover, the analyst has identified an uptrend line, starting from the lower left and moving across to the right. This uptrend line suggests that Binance Coin has been experiencing a general upward trajectory over the period shown in the chart. Consequently, the bullish pennant formation is considered a continuation pattern, potentially leading to a continuation of the uptrend.</p>
<h2 class="wp-block-heading" id="strong-breakout-forecast-strong"><strong>Breakout Forecast</strong></h2>
<p>According to World of Charts, if a successful upside breakout occurs from the bullish pennant pattern, they expect a bullish wave of approximately 20-25% in the coming days. The chart displays a blue rectangular box extending upward from the last candlestick, suggesting a potential price target or a forecast for future price movement. This box indicates a predicted increase of approximately 160.2 USDT or about 26.15%, implying a bullish outlook for BNB.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-current-bnb-price-strong"><strong>Current BNB Price</strong></h2>
<p>At the time of writing, the latest price data from CoinMarketCap shows that BNB is trading at <a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noopener noreferrer nofollow">$577.13</a>, down 1.81% in the last 24 hours. However, if the bullish forecast from World of Charts materializes, the price of BNB could potentially surge higher in the coming days.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/binance-coin-eyes-upsurge-analysts-bnb-technicals-spells-gains-heres-his-outlook/" rel="noopener noreferrer nofollow">Binance Coin Eyes Upsurge: Analyst’s BNB Technicals Spells Gains – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Binance Coin Eyes Upsurge: Analyst’s BNB Technicals Spells Gains – Here’s His Outlook

Table of Contents

CaptainAltcoin

Other articles published on Apr 5, 2024

Binance Ceases Support for Bitcoin NFTs, Urges Withdrawals by May 18

Aerospike Secures $109 Million to Fuel AI Innovations and Market Expansion

US Employment Data Surpasses Expectations in March

Ethereum and Altcoins Face Potential Downswing in Market

Bhutan increases Bitcoin mining power 6x ahead of BTC halving

XRP Price Prediction: Will Recent News Propel Price to $1?

Join our free newsletter for daily crypto updates!