Binance Coin Weekend Price Prediction: Can BNB Hit $600?
Binance Coin (BNB) has reignited its worth surge this week after present process key technical assessments. With Bitcoin’s stagnation above $66,000 contrasting with BNB’s sudden spike above $500, the highest trade token seems to be poised to retest essential higher resistance ranges quickly.
After retracing final yr, BNB spent appreciable time centering round $300 assist. Nonetheless, this lateral worth motion has given method to a renewed uptrend not too long ago.
Binance Coin is at the moment buying and selling at roughly $573.57, which represents a 63% improve over the previous 30 days. Technical indicators counsel the asset is in an overbought state. Nonetheless, present market sentiment seems to favor a continuation of the upward pattern over potential short-term pullbacks.
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How excessive can BNB go this weekend?
BNB has damaged the important thing $500 psychological degree not too long ago. This might set off FOMO and propel BNB in the direction of retesting former all-time highs above $690.
Drawing insights from BNB’s conduct initially of 2024, cryptocurrency consultants at Changelly have provided their worth projection for Binance Coin for the weekend.
Throughout this era, it’s anticipated that the coin’s worth could attain a median of $541. Inside the identical interval, the minimal anticipated worth is $514, whereas the utmost worth goal is about at $568.
After considerations across the Binance trade rocked investor confidence final yr, BNB seems to be to have reawakened the sturdy elementary narrative supporting it since its inception.
Having reclaimed its bullish momentum decisively this week, all eyes at the moment are set on the subsequent leap as Binance Coin surpassed the $500 degree. CoinGecko information reveals that BNB is up by over 5% within the final 24 hours.
BNB coin is faring decently regardless of the regulatory clashes round Binance globally. The world’s largest cryptocurrency trade is now going through scrutiny in Nigeria.