BNB Price Records New ATH; First in 6 Months
BNB price surged 16% in the past 24 hours, hitting an all-time high (ATH) of $774.
In the process, the crypto asset broke past six-month-old resistance at $721, ex-ATH.
BNB hits new highs
BNB’s price experienced a major turnaround last month after breaking above 8-month resistance between $572 and $619. Although it has been struggling with the $658 resistance in recent weeks, the altcoin managed to break above this resistance in the past 24 hours, sparking fresh bullish sentiment. This breakout signals strong upward momentum for BNB.
After the breakout, BNB reached all time high The current target is $800 as the next resistance and support level. If this momentum continues, the price could rise to $800, driven by sustained bullish interest. This sets a positive outlook for the altcoin’s price trajectory.
However, profit-taking could derail the rally. A correction could occur if investors decide to sell their holdings. Such a callback may bring Binance Coin Price It fell to the support level of $721. If prices fall further, the bullish outlook will be invalidated and the market may turn more cautious.
Disclaimer
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