Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»BNB price rises 20% in 2 weeks: Do predictions predict $400?
ALTCOIN NEWS

BNB price rises 20% in 2 weeks: Do predictions predict $400?

By Crypto FlexsFebruary 19, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB price rises 20% in 2 weeks: Do predictions predict 0?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: February 19, 2024


  • Binance Coin may continue its upward trend and move into the $380-$400 area.
  • Data from Coinalyze highlights recent selling pressure.

Binance Coin (BNB) showed a strong bullish bias on the daily price chart. It surpassed the two-month high of $325 and rose to $366.

This represents a gain of nearly 20% in two weeks.

According to an AMBCrypto report earlier this month, Binance Smart Chain has performed consistently when it comes to unique addresses in 2024. It was also reported that trading volume was high.

Combined with the Bitcoin (BTC) rally to $42.5,000, Binance Coin has shown strong bullish momentum.

The $350 area is a key area for bulls to defend.

Binance Coin 1-Day Chart TradingView

Source: BNB/USDT on TradingView

Fibonacci retracement and extension levels (light yellow) show that the range low coincides with the 61.8% retracement level.

BNB buyers resolutely defended this level over the past two months before achieving the recent breakout.

The market structure has been strong since February 8, when the price rose above the recent low of $313.1. RSI also showed bullish momentum at 70.

At the same time, OBV showed an upward trend, supporting the buying trend. Taken together, this indicates that exchange tokens may benefit more.

The $350-$380 area was the area of ​​higher interest. Therefore, it may take some time for the bulls to break through this area and push the price higher.

Short-term data suggests selling pressure is imminent.

Binance Coin Coin Analysis

Source: Coin Analysis

Technical indicators on the 1-day chart highlighted bullish pressure. However, futures market participants were skeptical of further gains in the near term, according to data from Coinalyze.

Open interest, along with price, has been slowly trending downward over the past two days. The funding ratio was also negative, showing a high proportion of short sales.


Realistic or not, BNB’s market cap in BTC terms is:


Spot CVD has seen a notable decline over the past three days, once again reinforcing expectations of lower prices in the coming days.

This decline could see Binance Coin retest the $340 level, which served as resistance in December 2023.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Next: Could this be the reason for the increase in LINK’s staking volume?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

XRP Rebounds On ETF Hopes As CryptoMining Firm Launches $8,100/Day Cloud Contracts

August 2, 2025

Since April, Telegram Growth and Stacking have driven Funtoken’s price soaring

August 2, 2025

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

$ 3.5 billion in 2020 Bitcoin attack discovered by Arkham Intel

August 3, 2025

Stablecoins are finally legal

August 3, 2025

SOLANA DEX Volume Co -founder Slam Mim Coin 20% deep

August 2, 2025
Most Popular

AETHIR’s distributed infrastructure obtains a spotlight from Bitfinex AMA.

June 8, 2025

McDonald’s Instagram Hacker Earns $700K Grimass Memecoin

August 22, 2024

The encryption merchant Michaël Van de Poppe refers to AI altcoin that will explode 100%+and updates the outlook for Bitcoin and Ethereum.

February 21, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.