Past Performance of BNB Like the rest of the markets, BNB bulls are solid and angling for more as the shift turns, buoying buyers. BNB remains within a bullish breakout formation at spot rates above $250. Still, traders should watch out for how prices react at $320. Any breakout with increasing volumes may see the coin soar to November 2022 highs.
#BNB Technical Analysis Buyers are firmly in charge. The bullish bar of January 29 follows the consolidation inside a rising wedge in the better part of last week. The immediate resistance is at $320, while support is the middle BB. As long as prices are above $285 and the 20-day moving average, any surge above the recent consolidation may see BNB soar to $350. This formation will allow swing traders to ride the trend as BNB bottoms up.
What to Expect from #BNB? Bulls are confident, and BNB has more room if there are substantial gains above $320. If the breakout is with rising volumes above the liquidation line, buyers might push the coin to new reaction levels. Resistance level to watch out for: $320 Support level to watch out for: $285
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