LIVE๐ต$632 Targeted, Became One of the Fastest Rising Altcoins ๐๐
Some differed positively. While altcoins like CHZ make double-digit gains, the price of BNB Coin stands out for rising rapidly among the biggest altcoins. So what are the predictions for Binance Coin (BNB)?
BNB Coin Comment
BNB Coin, which is expected to test the ATH level for weeks, had stopped bullish movement due to the recent BTC price correction. Now, it has returned to the $600 limit again and its daily earnings have reached 7 percent. Fed members' optimism about interest rate cheves and recent positive inflows on the ETF channel have fed optimism. The data that came on the macro front was not bad.
The BNB Coin price, which recovered from the $550 support zone, exceeded the $581 it targeted and stood the $600 limit. The Sharpe Rate, the yield volatility measure, has recently climbed to 4.0 for BNB. This creates an attractive enough environment for new investors to move to BNB.
Another indicator for BNB Coin that points to bullish is the RSI. Investor demand has returned to levels that reflect the bullish sense. This shows that the upsh momentum is reviving and the price increase may accelerate.
BNB Coin Price Prediction
The main determining factor here will be the closures of the Bitcoin price above $69,000. If we can see a strong net entry in the ETF channel and high closes in BTC before hours later, U.S. data, the BNB Coin bulls will also appetize to take the opportunity and push the price up.
BNB is just above the $593 resistance area. The current trend is in the direction of bullish and the $600 resistance could also be overcome if the price of $594 is maintained. In this case, the price will be expected to test the 632-635 dollar zone. Closures on it will target the $645 and $700 limit.
However, $593 is an important resistance point on the 4-hour chart and if the current gain cannot be maintained, we can see that the price has fallen again as much as $549. Moreover, with the retreat to the support level, the rise scenario will be shelved.DYOR
