With Bitcoin (BTC) receiving an upward reaction, BNB, which has moved above the risky zone, may soon come to the fore with an increase in volume.
With BTC falling to $40,000, Binance’s native token BNB, which retreated to the $220 band, climbed up again and left the risky zone. When we look at the weekly chart, BNB, which received frequent reactions in the range of 220 – 203 dollars, later recorded sharp increases. Can BNB, which displays the same image again in terms of price structure, move towards $ 400?
What price levels should one pay attention to in BNB? Which regions should be monitored for short, medium and long-term goals?
The dark days seem to be behind us!
BNB, which experienced significant increases after breaking the $ 203.8 – $ 220.5 range, dropped the monthly opening price but rose above $ 250 again. At the same time, the local token of the stock exchange, which is above the annual opening price, can make a move towards 290.1 – 316.8 – 348.7 – 379.6 – 414.5 and 451.2 dollars, respectively, when based on fundamental and technical analysis. We may watch sharper price movements, especially as the level of $348.7 is exceeded.
Factors such as the emergence of Fud news about Binance, BTC falling below $ 40,000 or BNB testing the green area again will naturally disrupt the balance of the parity. In such a scenario, a relaxation may first be observed towards 185.2 dollars and then towards the 150 dollar band. In addition, any process in which $220.5 works as support will give confidence to its investors.
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