Binance Coin Rises On The Way To A High Of $794

Crypto

Binance Coin

Rises On The Way To A High Of $794

The Binance Coin (BNB) price has risen to a high of $720 after breaking above the $700 resistance level.

BNB price long-term prediction: bullish

The upside momentum reaches the next barrier at $732.50. However, the upside momentum has stalled below the high of $740. BNB will continue to rise to its high of $794.30.

Currently, the bulls have overcome all hurdles and are approaching the $732.50 mark. Binance Coin is expected to reach its all-time high price of $794.30.

BNB price indicators analysis

BNB price is maintaining its bullish signal as the 21-day SMA crosses above the 50-day SMA. The moving average lines in the previous price action remained horizontal due to the sideways trend. Yesterday, BNB has resumed its uptrend as the moving average lines are pointing upwards.

Technical indicators:

Key Resistance Levels – $600, $650, $700

Key Support Levels – $400, $350, $300

Whats next for BNB？

On the 4-hour chart, BNB reached a high of $750 before falling below $740.

The uptrend has paused above the high of $730. Buyers are hoping to break above the $740 mark and return to the peak price of $794.30.

Coinidol.com wrote on July 14 that Binance Coin reached its previous high of $697.