Can Market Resurgence Propel Binance Beyond $350

15-02-2024 By: Lokesh Gupta
Can Market Resurgence Propel Binance Beyond $350

Binance Coin set for a bullish weekly close as the week ends

  • On the daily chart, BNB is nearing a breakout point at the Neckline of an Inverted Head and Shoulder pattern.

  • Following a bullish breakout from flag pattern resistance, suggesting a substantial near-term rally.

  • #Binance price has initiated a significant increase, surpassing the $335 resistance zone, which contrasts with #Bitcoin and #Ethereum trends.

  • A potential fresh rally could ensue if the price convincingly breaches the $350 resistance level.

  • If $BNB successfully breaches the Neckline and surpasses the $350 resistance, there's potential for the price to reach $400-$460 in the near future.

  • As per CoinGabbar Prediction, #Binance price breaks free from a week-long sideways trading pattern, displaying a positive trend.

KEY LEVELS :

RESISTANCE LEVEL : $350-$360

SUPPORT LEVEL : $333-$324

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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