Cryptocurrency

Bitcoin

Convergence

Coin

<ul> 
 <li>Cryptocurrency market surges post-Bitcoin Halving: Bitcoin breaks $66,000, setting positive tone.</li> 
 <li>Binance Coin (BNB) shines: 5% jump in 24 hours, 93.56% YTD growth.</li> 
 <li>BNB price bullish: Eyes $635 resistance, potential ATH challenge; watch for $569 support.</li> 
</ul> 
<p>The cryptocurrency market has witnessed a surge in buying pressure over the past weekend, leading to a significant uptick in price action across the board. Bitcoin, the market leader, has surpassed the $66,000 mark following the highly anticipated Bitcoin Halving event, setting a positive tone for the entire crypto space.</p> 
<p>Among the top performers, <a href="https://thenewscrypto.com/?s=Binance" target="_blank" rel="noreferrer noopener">Binance</a> Coin (BNB) has recorded an impressive 5% jump in just 24 hours and a 4.37% increase over the past seven days. The altcoin’s year-to-date (YTD) performance stands at a remarkable 93.56%, highlighting its strong growth trajectory in the current market climate.</p> 
<h2 class="wp-block-heading" id="h-binance-coin-price-records-a-bullish-convergence">Binance Coin Price Records a Bullish Convergence</h2> 
<p>After a lackluster performance in 2023, the BNB coin price kicked off 2024 on a bullish note, indicating a growing interest among investors for this promising altcoin. Before facing resistance at its upper level, the Binance coin price surged by over 104%, skyrocketing from $311 to $635 this year alone.</p> 
<p>Since then, the price has been trading within a consolidated range between $506.5 and $635. However, the Binance token has displayed a strong bullish reversal in its chart post-Halving, suggesting a high likelihood of a positive outlook for the coin in the near future.</p> 
<h2 class="wp-block-heading" id="h-will-bnb-price-reach-new-heights">Will BNB Price Reach New Heights?</h2> 
<p>If the bulls maintain their positive influence on the market, the BNB price is expected to continue its ascent and test the resistance level of $635 by the upcoming weekend. If the price can sustain itself above this level, it will pave the way for the Binance token to challenge its all-time high (ATH) of $690.93 in the coming month.</p> 
<p>However, if the BNB token experiences a bearish trend reversal, the price may lose momentum and fall back to test its support level of $569. If the bears continue to dominate the market, the coin could plunge further and prepare to test its lower support levels.</p>

Binance Coin (BNB) Surges Amidst Bullish Convergence, Eyes New ATH

Table of Contents

TheNewsCrypto

Alte articole publicate pe 23 apr. 2024

Cardano Founder’s RFLXT Launches Game on Gala Games

Ripple Files for Remedies Opposition, Accuses the SEC of Intimidation

Spot Ethereum ETF Proposal by Grayscale Delayed Again

Will the Bitcoin ETF be approved today?

Dookey Dash will be Free to Play this Q1 of 2024

Bitcoin Layer 2 Stacks to Rollout Nakamoto Upgrade

Join our free newsletter for daily crypto updates!