Binance Coin Price Prediction – Will We See $500 Next?

In our last Binance Coin Price Prediction , we wrote that the price could drop to $340 next as a support was broken. The price then plunged down to the support. However, the course has found enough buyers there not to break this level. Now Binance Coin price is just above the $340 level. To be precise, the price is at $400. But what could be next? Could the price go up to $500? We'll enlighten you!

Binance coin price has been able to test the $420 resistance for the past few weeks and has subsequently declined. However, the price did not test the $340 lower support to continue the sideways phase but the GoldenPocket of the recent upmove. Because of this, we assume that the price could soon break out of the sideways bullish phase. The first target would be around $500, which is why we are assuming a price increase of up to $500 for the time being.

The Binance Coin price has formed a descending triangle on the weekly chart. This triangle is often used for trend continuation, which is why we assume a bullish breakout here. With the help of the triangle, the price could aim at the $500 target. Eventually, the Binance Coin price could also make a new all-time high as it is a continuation formation. However, we would not make such a statement too early, which is why we will take a closer look at this in the next Binance Coin article.

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