The Binance Coin (BNB) Price Surge

The Binance Coin (BNB) price has risen to a high of $720 after breaking above the $700 resistance level.

BNB Price Long-Term Prediction: Bullish

The upside momentum reaches the next barrier at $732.50. However, the momentum has stalled below the high of $740. BNB is expected to continue rising to its peak of $794.30.

Currently, bulls have overcome all hurdles and are approaching the $732.50 mark, with an aim to reach the all-time high price of $794.30.

BNB Price Indicators Analysis

BNB price is maintaining its bullish signal as the 21-day SMA crosses above the 50-day SMA. Previously, the moving average lines remained horizontal due to a sideways trend. Yesterday, BNB resumed its uptrend with moving averages pointing upwards.

Technical Indicators:

• Key Resistance Levels – $600, $650, $700
• Key Support Levels – $400, $350, $300

What’s Next for BNB?

On the 4-hour chart, BNB reached a high of $750 before falling below $740. The uptrend has paused above the high of $730. Buyers are hoping to break above the $740 mark and return to the peak price of $794.30.

Coinidol.com noted on July 14 that BNB reached its previous high of $697.

Disclaimer: This analysis and forecast are the personal opinions of the author. They are not recommendations to buy or sell cryptocurrency and should not be viewed as endorsements by CoinIdol.com. Readers should conduct their own research before investing.