Altcoins

BNB Price Brewing For a Massive Bullish Rally! $450 for BNB Soon?

The BNB is currently trading at $430, paving the way towards its new all-time high. The company’s market capitalization has risen to over $64 billion. It has surged by more than 1,000% this year.

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A popular trader and analyst who goes by the name Kaleo seems ultra bullish about BNB and expects the exchange token to rise above $450.

BNB/BTC

BNB is also moving higher towards Bitcoin, having found support at 0.0055 BTC at the start of the month. It  recently broke through resistance at 0.006 BTC, and it went higher, breaking through the February highs of 0.0065 BTC to set a new 2021 high of 0.00685 BTC.

BNB’s fundamentals typically take cues from the Bitcoin market and bullish trend is expected to continue. For one thing, as predicted earlier, the Bitcoin price might rise to $65,000 during this period. For BNB and other altcoins, this would be a good thing. As a result, $450 and $500 would be main levels to keep an eye on.

BNB/USD

Binance Coin has gained 40% in the last week, helping it to reach a new all-time high price of $401. After failing to crack resistance at $348.66 earlier in the week, the cryptocurrency found support at $320. Moving forward, the first level of resistance lies at $400. This is followed by $410, $441.50 and $466.25.

On the flip side, the first level of support lies at $380. This is followed by $350, $325, $305 and $300.

He points out towards the similarities between the BNB/USD prices from February 2021 and now

April 2021:

“Extremely similar also,” Kaleo stated, “both accumulated/accumulating slightly higher than the ATH they recently broke. “Continuing to play out like the time above. I’m expecting a surge out of this range to a new all-time high and price discovery any time now.”

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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