Popular crypto currency Binance Coin (BNB) made a clear break above $650 earlier today after a strong rally over the past 24 hours and continues to show bullish signs. So popular crypto currency its unit may overtake the all-time high of $690 as the next main target in the near term.
Binance Coin (BNB) Does not Stop! Is ATH at the Door?
The overall cryptocurrency market has been trading with bullish momentum over the past 24 hours. Sunday leaders Bitcoin and Ethereum it gained 2.41 percent and 4.72 percent. By the way Binance Coin, with a gain of over 9 percent. altcoinit became the dec-performing cryptocurrency among the .
BNB/USD looking at its parity, BNB traded in the range of December 596.76 – 669.35 dollars, which indicates a strong volatility over the past 24 hours. The transaction volume increased by 3.97 percent to $ 3.16 billion, while the total market capitalization is trading at around $ 110.9 billion.
looking at the 4-hour chart, it is worth noting that this morning, without much hesitation, bulls broke the critical level of 650 dollars Binance Coin we can see that it still controls the price movement.
Binance Coin the price movement has seen strong upward momentum continue this week. after retreating from a 505 dollar rise and setting a higher low around 440 dollars last week, the buying pressure resumed last weekend.
the $510 resistance was broken and retested as support on Monday, leading to a further upward rise with minor corrections along the way. On Friday, the limit of $ 600 was reached on Friday, which means a gain of more than 30 percent in less than a week.
After consolidating above $600 early yesterday, afternoon buying pressure has returned. So much so that overnight it was noted that the Binance Coin price movement increased to $ 650, and a break was seen in the morning. Now, BNB/USD it set a several-month high at $670. It may also surpass its all-time high of $690 later today.
Binance Coin Price Analysis: The Result
Binance Coin price analysis shows that this morning the 650 dollar was broken and the price reached the 670 dollar, so more rises may come later in the day. Probably, BNB/USD will continue to move forward, and the next main target will be the all-time high of $ 690, set in May.