Listen to Article Binance coin price is up over 20% and it is outperforming bitcoin against the USDT. BNB rallied above $150 and traded to a new all-time high at $176. In the past few days, bitcoin, Ethereum, and binance coin extended their gains. BNB price formed a support base above the $120 level and started another strong upward move. The price cleared the $150 resistance level and settled well above the 100 simple moving average (4-hours). There was also a break above a major bearish trend line with resistance near $130 on the 4-hours chart of the BNB/USDT pair. [speaker-mute] 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! [/speaker-mute] The pair rallied over 20% and it even spiked above the $175 level. A new all-time high is formed near $176 and the price is currently consolidating gains. It is testing the 23.6% Fib retracement level of the upward move from the $126 swing low to $176 high. The next major support is near the $150 zone (the recent breakout zone). It is close to the 50% Fib retracement level of the upward move from the $126 swing low to $176 high. Therefore, dips towards the $150 level could find a strong buying interest in the near term. Any more losses may possibly open the doors for a push towards the $125 support level. If BNB remains stable above $150, it could continue to rise. An initial resistance on the upside is near the $175 zone or the $176 high. A clear break above $175 and $176 is likely to clear the path for another 10%-15% rally. In the stated case, the price is likely to hit the $200 level in the coming sessions. Technical Indicators 4-Hours MACD – The MACD for BNB/USDT is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USDT is currently well in the overbought zone. Major Support Levels – $160, $150 and $125. Major Resistance Levels – $175, $180 and $200.
Binance Coin Price Rallies 20%
More Upsides in BNB?