LIVE
🚀🚀🚀Binance Coin Weekend Price Prediction: Can BNB Reach $600?
#Binance Coin (#BNB ) rekindled its price increase last week after passing important technical tests. Bitcoin's stagnation above $66,000 contrasts with BNB's sudden rise above $600, while the largest exchange token looks set to retest critical upper resistance levels soon.
After the withdrawal last year, the BNB spent a significant amount of time centering the $300 support. However, this lateral price movement has recently been replaced by a renewed upward trend. Last week, the BNB also exceeded the $ 600 level, reached $ 618 and fell to its current price.
Binance Coin is currently trading at about $ 565, which represents an increase of 35.4% in the last 30 days. Technical indicators show that the asset is in an overbought state. However, the current market sentiment seems to support the continuation of the upward trend compared to potential short-term pullbacks.
How high can BNB go this weekend?
The BNB had recently broken the psychological level of $ 600. However, this situation was short-lived, as the price fell along with the entire cryptocurrency market capitalization.
Having gained insights from the behavior of the BNB at the beginning of 2024, the cryptocurrency experts at Changelly presented their price forecasts for Binance Coin over the weekend.
It is predicted that the price of the coin may reach an average of $ 583 during this period. During the same period, the minimum expected price was set at $ 580 and the maximum price target was set at $ 598.
After concerns about the Binance exchange shook investor confidence last year, BNB seems to have reawakened the strong underlying narrative that has supported it since its inception.
Having decisively regained its bullish momentum this week, Binance Coin is hovering near the $ 600 level, and now all eyes are turned to the next jump. CoinGecko data shows that BNB has increased by 1% in the last 24 hours.
