![BNB Price Turns Bullish! The Binance coin to hit $700 this month?](https://image.coinpedia.org/wp-content/uploads/2024/04/22135602/BNB-Price-Turns-Bullish-Binance-Coin-To-Hit-700-This-Month.webp)
Over the weekend the crypto market saw an increased level of buying, which reflected a rise in price. The market leader has also increased its buying pressure. Bitcoin PriceAfter the Bitcoin halving, surpassed $66,000, indicating a positive outlook in the crypto market.
BNB has also seen a jump in value of approximately 5% over the last 24 hours, and 4.37 % within the past 7 days. At the time this article was written, altcoins’ Year-to Date (YTD), stood at 93.56%. BNB’s price will it reach a new ATH in this month?
The Binance Coin price records show a bullish convergence!
The price of the stock has been weak since 2023. BNB Coin Price The altcoin successfully began trading in 2024 with a bullish tone, showing a growing interest from investors. Binance’s coin has risen by over 104% this year, going from $311 up to $635.
The price of the stock has traded in a range between $506.5 and $635. The positive aspect of the Binance Token The chart of the stock has shown a bullish trend post-Halving. This indicates a very high probability for a positive future.
Relative Strength Index has surpassed midpoint in cryptocurrency market. This indicates a strong bullpower of the BNB coin. The averages also show that the BNB coin will gain value over the next few months.
BNB price to increase?
BNB will test the $635 resistance level by this weekend if the bulls keep trading positively. If the BNB price is maintained at this level, the token will be able to reach its ATH mark of $690.93 in the next month.
If the BNB token is experiencing a bearish trend reverse, then the price may lose momentum, and it will fall until the $569 support level. If the bears dominate the market it is likely to plunge, and the price will test the lower levels of support.
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Elena R.
Elena has a wealth of experience in the cryptocurrency industry, specializing in risk management and technical analysis. She is a journalist with 10+ years of experience.