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Maintaining BNB above the $300 mark signals a renewed influence of buyers, aligning with a market recovery characterized by a breakout from a rounding bottom. Over the past 75 days, BNB has witnessed a 51% upswing, surpassing the $300 resistance and indicating a possible advance toward $350. Currently valued at $310 with a 4.06% intraday gain, BNB exhibits a bullish engulfing candle. Should the broader market sustain its upward trend, BNB might capitalize on this momentum, aiming for $350 and potentially $400. Conversely, a swift reversal could trigger a retest at $280.
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