Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»BNB price surges more than 5%, why bulls may target $400 in February 2024
TRADING NEWS

BNB price surges more than 5%, why bulls may target $400 in February 2024

By Crypto FlexsFebruary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BNB price surges more than 5%, why bulls may target 0 in February 2024
Share
Facebook Twitter LinkedIn Pinterest Email

BNB price is gaining bullish momentum around the $315 support zone. The price may extend the rally above $375 and rise towards the $400 level in the near term.

  • BNB price is showing bullish signals above the $350 pivot level.
  • The price is currently trading above $355 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the BNB/USD pair, there is a major bullish trend line forming with support at $354 (data source from Binance).
  • A close above the $365 resistance zone could allow the pair to gather bullish momentum.

BNB price regains strength

Over the past few days, BNB price started a significant rise and cleared the $335 resistance area. There has been a move above the $350 level to move into positive territory like Bitcoin and Ethereum.

advertising

The price soared to more than $365. A high was made near $366 and the price is currently consolidating gains above the 23.6% Fib retracement level, rising from the $315 swing low to the $366 high. BNB is currently trading above $355 and the 100 simple moving average (4-hours).

There is also a major bullish trend line forming with support at $354 on the 4-hours chart of the BNB/USD pair. Immediate resistance is near the $365 level.

BNB price

Source: BNBUSD on TradingView.com

The next resistance is near the $375 level. Clearly beyond the $375 area, the price could go even higher. As stated, the BNB price could test $388. A break above the $388 resistance could set up a larger upward pace towards the $400 resistance. Any more profits may require testing the $420 level.

Are deeps supported?

If BNB fails to clear the $365 resistance, a downward correction could begin. Initial support for the downside is near the $355 level and trend line.

The next major support is near the $342 level or the 50% Fib retracement level rising from the $315 swing low to the $366 high. The main support level is $335. A downward breakout below the $335 support may push the price towards the $322 support. Any more losses could trigger a deeper decline towards the $315 level.

technical indicators

4-Hour MACD – The MACD for BNB/USD is pacing in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.

Key support levels – $355, $342, $335.

Key resistance levels – $365, $375, $388.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Ropsten TTD Announcement | Ethereum Foundation Blog

December 23, 2023

Helium (HNT) has broken trendline support, but is a 30% rally really possible?

October 19, 2024

Bitcoin price rose 5%, but major breakout resistance remained intact.

December 19, 2023
  • 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.