Price Analysis

Binance Coin(BNB) Smashed New ATH, Is The Next Set Target at $1000

Highlights

    Binance coin rallied high to form new ATH above $670, manifesting a possible move towards the enhance 4-digit target.

    The price is expected to hit new highs in coming days which may escort the price close towards $1000 or more.

Binance Coin Price Smashes New ATH

Binance coin price rally has attracted many since the beginning of 2021 as the price surged historically. With a slight increase in the volume, the price rallied high to form a new ATH at $665.50, just a couple of hours before.

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The strong bullish momentum is expected to continue until the price forms a new ATH every now and then. According to a Crypto trader and analyst, Crypto Rand, the price can hit $1000 with less efforts.

To be more specific, according to another analyst Crypto Mac, the BNB price may hit $770 by next week. 

Also Read: Polygon(Matic) Price Surges High, Will The Price Hit $1 Today?

BNB Price Analysis

The BNB price rallied high, bouncing above the 20-day MA, eventually smashing an all-time high. The price had a pretty good weekly close which manifested an upcoming bull run in coming days. And since then the price continued rallying and eventually formed new ATH, a couple of hours before.

bnb price chart

At the time of writing the BNB price is $673.70 with a jump of 8.43% since the past 24 hours. The price after breaking all the upper barriers has entered the discovery mode and hence the upper resistance levels are still behind the clouds.

On the contrary, the support levels are formed around $618 which are pretty far away from the current price. Additionally, the technical indicators for the Binance coin price point out towards a strong buy. On the whole, the BNB price appears poised to hit $1000 very soon, yet the initial target is set around $750, breaking which the next milestone can be achieved.

Also Read: Top Altcoins Ready to Reach Fresh New Highs This May!

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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