Skip to main content

BNB Price Prediction: Will Binance Coin Break ATH?

 


The BNB price is approaching the ATH, at least in the BTC chart. Can the BNB price break the ATH and set a new high?


BNB price bullishly breaks 50-day EMA resistance

The BNB price has risen by around 50% since BNB had established a local low at around USD 183.4. With this, the Binance Coin was able to break the 50-day EMA resistance, which now serves as support at around USD 256. If the 50-day EMA support is broken in a bearish manner, significant Fibonacci support awaits the BNB price at around USD 240 and USD 215.


Elsewhere, Binance Coin finds the next 0.382 Fib resistance around USD 289. In addition, the MACD is rather bearish in the daily chart, because the histogram has been ticking bearishly lower for a few days. The RSI is neutral.

In the 4H chart, the Binance Coin price formed a golden crossover, which confirms the trend as bullish in the short term. In addition, the 50-4H EMA has served as support twice over the past few days. In addition, the MACD histogram is ticking bullishly higher and the MACD lines may now cross bullishly as well.


The breaking of the golden ratio at around USD 265, where BNB is now finding resistance, is important for a bullish development.


Will the BNB rate rise to the 50-week EMA?

The MACD is also bullish in the weekly chart, because the histogram has been ticking bullishly higher for several weeks while the MACD lines could now cross bullishly. Here, too, the RSI is neutral.


If the BNB price breaks the 0.382 Fib resistance at around USD 289, significant Fibonacci resistance awaits Binance Coin at around USD 350. There is also the 50-week EMA, which also acts as a significant resistance.


It may not be enough for a bullish candle formation in the monthly chart


In the monthly chart, the MACD remains clearly bearish as the histogram ticks bearish lower and the MACD lines remain bearish crossed. Again, the RSI gives neither bullish nor bearish signals.


The Binance Coin price could achieve a bullish candle formation in the monthly chart if the BNB price rises to around USD 321 within a week and closes above it at the turn of the month. However, since there is only one week left at the end of the month, the BNB course may not make it.


For a fully bullish trend reversal, the BNB price needs to break the golden ratio at the USD 500 level. Only then can the Binance Coin course target new highs.


Against BTC, the BNB price is about to hit the ATH

Against BTC, BNB is very close to ATH at around 0.0125 BTC. However, BNB is currently forming a series of lower highs, should BNB correct now. Then BNB finds significant support at the 50-week EMA at around 0.0097 BTC and should this support be broken bearishly, significant Fibonacci support awaits the BNB price at around 0.008 BTC.


In addition, BNB is also forming a series of higher lows and the MACD is clearly bullish on the weekly chart. After all, the histogram has been ticking bullishly higher for a few weeks and the MACD lines are also bullishly crossed. In addition, the RSI is also neutral here and gives neither bullish nor bearish signals.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more