2024

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<p>The post <a href="https://coinpedia.org/price-analysis/bnb-price-turns-bullish-binance-coin-to-hit-700-this-month/">BNB Price Turns Bullish! Binance Coin To Hit $700 This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto industry has recorded increased buying pressure within the market over the past weekend, highlighting an increase in the price action. Moreover, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a>, has surpassed the $66,000 mark post Bitcoin-Halving, suggesting a positive outlook for the crypto space.</p> 
<p>Furthermore, the BNB token has recorded a significant jump of approximately 5% within 24 hours and 4.37% over the past seven days. Positively, the altcoins Year-to-Date (YTD) stands at 93.56%, at the time of writing, this article. Will BNB price record a new ATH this month?</p> 
<h2 class="wp-block-heading" id="h-binance-coin-price-records-a-bullish-convergence">Binance Coin Price Records A Bullish Convergence!</h2> 
<p>After displaying a weak price action during 2023, the <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/">BNB coin price</a> successfully started trading in 2024 on a bullish note, indicating a rising interest among investors for this altcoin. Moreover, before facing rejection at its upper resistance level, the Binance coin price added over 104%, from $311 to $635 this year alone.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/lofx0DqNXeeKJPq57W0mjxYuCl23FwvG1Fa8YRc20ROWHmMOf27VZ_mLJYtS_K978IOOzhVHKZhxCui3vlN3SUOsxLOAQwrVKFZ3Z_ovd16noG5s_zC1x9M2WXRtYM0GQqsnxwj-rcvzNpHeryB6bLE" alt="BNB Coin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: BNB/USDT
 </figcaption>
</figure> 
<p>Since then, the price has been trading in a consolidated range between $506.5 and $635. Positively, the <a href="https://markets.coinpedia.org/bnb/">Binance token</a> has displayed a strong bullish reversal in its chart post-Halving, highlighting a high possibility of a positive outlook for it in the upcoming time.</p> 
<p>The Relative Strength Index (RSI) surpassed the mid-point, indicating a bullpower for the BNB coin in the cryptocurrency industry. Moreover, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time.</p> 
<h2 class="wp-block-heading" id="h-will-bnb-price-go-up">Will BNB Price Go Up?</h2> 
<p>If the bulls continue to trade under a positive influence, the BNB price will continue rising and test its resistance level of $635 by the upcoming weekend. Maintaining the price at that level will set the stage for the Binance token to attempt to test its ATH of $690.93 mark by the coming month.</p> 
<p>Negatively, if the BNB token experiences a bearish trend reversal, the price will lose momentum and fall to test its support level of $569. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support levels.</p>

BNB Price Turns Bullish! Binance Coin To Hit $700 This Month?

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