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BNB Hovers Near All Time High, Can the Bulls Set New All Time High ?

Published 01/09/2023, 11:03 AM
Updated 01/09/2023, 11:30 AM
BNB Hovers Near All Time High, Can the Bulls Set New All Time High ?
BNB/USD
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BNB/BRL
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  • Binance coin is at trading $277.88 as price surges by over 6%.
  • The Relative Strength Index (RSI) is above 40, hence there is strong buying pressure.
  • The next target for the bulls is $280.42, which is a key resistance level.

Binance coin token predicts an increasing trend for cryptocurrency today. The price has been steadily increasing and is trading at $277.88, with an impressive return of around 6.4%.

In addition to yesterday’s surge over the $260.86 level, which is the strongest support for BNB/USD, the market opened today with hopeful bullish indicators, continuing yesterday’s remarkable momentum. The continuation of the green candlestick suggests that Binance coin may be heading towards a new all-time high.

The one-day Binance coin price analysis reveals that the coin has been forming higher highs and higher lows, which is a bullish sign. It’s worth noting that the bulls are pushing for an extended upside movement in the near future.

More profit seems to be on its way for Binance coin buyers as the price just reached the $277.88 level. Furthermore, the chances of revival seem close as the buyers persistently put in efforts. Moreover, the daily price chart’s moving average (MA) value is at $258.3

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