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The post <a href="https://coinpedia.org/price-analysis/bnb-price-achieves-major-milestone-binance-coin-price-to-rally-50-this-month/">BNB Price Achieves Major Milestone! Binance Coin Price To Rally 50% This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Binance coin recorded a neutral trend for a brief period, indicating a rise in the disinterest of investors in this altcoin. However, the <a href="https://markets.coinpedia.org/bnb/" target="_blank" rel="noreferrer noopener">BNB token</a> has regained momentum and has recorded a notable run over the past few days. 
The <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/">Binance coin price</a> recorded a jump of approximately 5% within the past day but has added over 31% to its portfolio this month, highlighting a positive outlook for the token in the coming time. Further, the token has successfully achieved its $400 mark, indicating a bullpower in the market. 
<h2 class="wp-block-heading" id="h-binance-coin-achieve-400-mark">Binance Coin Achieve $400 Mark!</h2> 
The BNB coin price traded in a closed range between $297.5 and $308 for over a week, following which the bulls gained momentum and recorded a jump of 10.18% over the next two days. 
After this, the Binance token displayed a neutral trend for a brief period, indicating a weak price action for the coin in the market. As the market volatility grew, the BNB token regained momentum and jumped approximately 14% in valuation. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/xr9slYGC2chkZaF0fIbY-p9I-y6-1XTJmuT80LhwMJqFIOW7YNdlEzQHL78s2ThNBysWb0mbz0DpyMBdb0-i2hOmNhzyGiG_HlUVPLoJvsZYhQ6WzzLNhLO_R46ivy2gXnAH3quhTog4rKKt5vJ52w4" alt="BNB Coin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BNB/USDT
 </figcaption>
</figure> 
Following this, the price traded in a closed range between $348.5 and $364.5 for the next six days. After multiple attempts, the bulls jumped 8.78% before facing rejection at $393.9. 
The Binance coin price traded sideways for a while, following which the bulls recently jumped 5%, resulting in it achieving its $400 mark after over two years. 
The Relative Strength Index (RSI) continues to hover above the overbought range, indicating a strong bullish influence in the crypto space. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming time. 
Also Read: <a href="https://coinpedia.org/price-analysis/why-is-bitcoin-price-up-today-here-are-the-top-factors-influencing-btc-price/">Why is Bitcoin Price Up Today? Here Are the Top Factors Influencing BTC Price</a> 
<h2 class="wp-block-heading" id="h-will-bnb-price-go-up">Will BNB Price Go Up?</h2> 
If the market pushes the price above the resistance level of $401, the bulls will regain power and prepare to test its upper resistance level of $420 this week. Maintaining the price at that level will set the stage for the BNB coin to attempt to test its upper limit of $435 in the upcoming weeks. 
Conversely, if the bears overpowered the bulls, the BNB coin price would lose momentum and fall to test its support level of $384. Moreover, if the bears continue to hold power over the bulls, it will plunge and prepare to test its lower support level of $364.5 in the coming time.

BNB Price Achieves Major Milestone! Binance Coin Price To Rally 50% This Month?

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