Binance Coin - after the price crash, now the recovery to the all-time high?

In our last Binance Coin price forecast , we wrote that the price could likely break out soon and perform a new all-time high. As a result, however, the price broke the bullish trend line and witnessed the crypto crash. Since the price crashed, it has increased by around 21%, which is why we will now take a closer look at the price. Today we will enlighten you about the Binance Coin course and explain how it could go on with the course.

The Binance Coin price was able to react bullishly in the support zone between $ 472 and $ 505, as there were enough buyers there. As the price bought again, the bulls have regained support at $ 527. The Binance Coin price is now just below the resistance of $ 590. Should price break this resistance, which we believe, price could rise again to the old all-time high. This is around $ 692. Since there is a resistance area between $ 653 and $ 679, we expect a small sell-off for the time being once the price has reached this resistance area.

The Binance Coin price developed a strong bullish divergence during the correction, which could soon be played out. The price could also use the divergence to regain resistance at $ 590. Furthermore, the MACD is slowly becoming bullish, which confirms the overall picture again. We expect prices of around $ 650 soon.

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