Binance Coin (BNB) has set a new all-time high (ATH) at $774 after the altcoin’s price surged 16% in the past 24 hours.
With this, the crypto asset broke the six-month resistance of US$ 721, which was the former ATH.
BNB hits new highs
BNB price experienced a major turnaround last month after breaking through the 8-month resistance block between $572 and $619. Despite struggling with the $658 resistance in the past few weeks, the altcoin managed to surpass it in the last 24 hours, triggering renewed bullish sentiment. The breakout marks a strong upward momentum for BNB.
Following the breakout, Binance Coin has reached a new all-time high and is now eyeing $800 as the next resistance and support level. If this momentum continues, a move towards $800 is possible, driven by sustained bullish interest. This sets a positive outlook for the altcoin’s price trajectory.
Cardano Price Analysis. Source: TradingView
However, profit-taking could halt the rally. If investors decide to sell their holdings, a correction could occur. In fact, such a pullback could bring the BNB price back to its support level at $721. If the price drops further, the bullish outlook would be invalidated, and a shift to a more cautious market could occur.
The article BNB hits $774 and hits new all-time high appeared first on BeInCrypto Brasil.
