Charted: Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

Charted: Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet
HeadlinesNewsCharted: Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

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Charted: Binance Coin (BNB) Surges Towards $250, Why Bulls Are Not Done Yet

NewsBTC2 weeks ago
Published on February 19, 2021 05:08 GMT+0edited on February 19, 2021 06:00 GMT+0

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Binance coin price is up over 35% and it is extended its rally above $200 against the USDT. BNB traded to a record high at $238 and it seems like there are chances of more upsides.

  • Binance coin price extended its rally above the $175 and $200 resistance levels against the USDT.
  • The price traded to a new all-time high at $238 and it settled well above the 100 simple moving average (4-hours).
  • There was a break above a couple of bullish continuation patterns at $170 and $200 on the 4-hours chart of the BNB/USDT pair (data source from Binance).
  • There is consolidating gains and it is likely to continue higher towards $250 and $275.

Binance Coin Price Rallies 35%

In the past few days, binance coin gained a strong bullish momentum above the $100 level. BNB price outperformed bitcoin and …