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<p>The major cryptocurrency BNB has seen its price jump significantly this week, rising over 10% in the last 7 days. At press time, BNB was trading at <a href="https://www.coingecko.com/en/coins/bnb" target="_blank" rel="noopener noreferrer nofollow">$381.15</a> according to CoinGecko data, up 4.58% in the last 24 hours alone.</p>
<h2 class="wp-block-heading" id="strong-analysis-and-events-fueling-bnb-s-rise-strong"><strong>Analysis and Events Fueling BNB’s Rise</strong></h2>
<p>BNB has shown impressive resilience and momentum amid the market volatility lately. While Bitcoin struggles above $50,000 resistance, altcoins like BNB are rapidly recovering lost ground.</p>
<p>In the past month, BNB prices have spiked nearly 30%, regaining a $60 billion market cap. However, they remain 45% below BNB’s record high of $690.93. Now, <a href="https://www.tradingview.com/chart/BNBUSD/VyfdKdYs-Binance-aims-to-breach-400-eyes-10-hike/" target="_blank" rel="noopener noreferrer nofollow">according</a> to Coinpedia’s latest technical analysis, growing evidence suggests that BNB may be gearing up to test or even surpass this previous peak.</p>
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</figure>
<p>Several key drivers highlighted in the report explain why analysts are turning bullish:</p>
<ul>
 <li><strong>Price Action Signals</strong>: BNB shows a classic V-shaped reversal and rounding bottom pattern with support at $350. This indicates a solid uptrend has formed.</li>
 <li><strong>Trading Activity</strong>: Volumes spiked as BNB surged 7% overnight to hit $379. The bullish candle patterns reinforce the emerging trend.</li>
 <li><strong>Momentum Metrics:</strong> BNB’s ADX line saw a massive spike just as prices broke out upwards, reflecting an explosion of trend momentum.</li>
</ul>
<p>With these tailwinds, BNB looks well-positioned to continue running higher in the days and weeks ahead.</p>
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<h2 class="wp-block-heading" id="strong-upside-targets-for-bnb-in-the-near-and-long-term-strong"><strong>Upside Targets for BNB in the Near and Long Term</strong></h2>
<p>If positive sentiment endures, analysts expect BNB may soon break above the psychological $400 level initially, with tougher resistance anticipated around $440. In the long term, given the regained bullish momentum beyond $350, BNB seems capable of revisiting or even exceeding its previous peak value of $690 in the future. This would represent over 80% upside from the current trading price.</p>
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<p>The post <a href="https://captainaltcoin.com/bnb-blasts-past-this-key-level-heres-how-high-prices-could-go-if-uptrend-persists/" rel="noopener noreferrer nofollow">Binance Coin Blasts Past This Key Level: Here’s How High BNB Prices Could Go If Uptrend Persists</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Binance Coin Blasts Past This Key Level: Here’s How High BNB Prices Could Go If Uptrend Persists

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Ďalšie články zverejnené 22. 2. 2024

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