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Binance coin price gained bullish momentum and traded above the $35.00 and $36.00 levels. BNB price traded to a new all-time high and it remains well supported versus USD and bitcoin.

  • Binance coin price gained bullish momentum and traded to a new all-time high above $36.50.
  • There is a major bullish trend line forming with support near $34.00 on the 2-hours chart.
  • BNB price is currently trading in a strong uptrend and it could even surge towards $40.00.

Binance Coin Price

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Binance Coin Price Analysis (BNB to USD)

The $30.00 area acted as a strong support for binance coin as it price started a fresh increase above $32.00 and $35.00. The recent rise in bitcoin, Ethereum and ripple helped BNB as it traded to a new all-time high above $36.50.

Binance Coin Price Analysis (BNB to USD)

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Looking at the 2-hours chart of BNB/USD, the pair gained bullish momentum after it broke the main $32.40 resistance area. It sparked a strong rally above $34.00 and the price settled well above the 25 simple moving average (2-hours).

The upward move was such that the price rallied above $36.00 and traded to a new all-time high above $36.50. A swing high was formed at $36.55 and the price recently corrected lower.


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It broke the $36.00 level and the 23.6% Fib retracement level of the latest upward move from the $33.08 low to $36.55 high. However, the $35.00 level seems to be acting as a strong support.

Moreover, the 50% Fib retracement level of the latest upward move from the $33.08 low to $36.55 high is also near the $34.80 level to act as a support. More importantly, there is a major bullish trend line forming with support near $34.00 on the same chart.

Therefore, the price is likely to continue higher as long as it is above the trend line support or $34.00. On the upside, a break above the $36.50 level might push the price towards the $38.00 level.

The main resistance for binance coin price is near $40.00, above which BNB could start an increase towards the $45.00 level.

The market data in the USD is calculated by TradingView, Binance.


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Posted by Dr. Latika Mehrotra

Ph.D in Data Mining, Blockchain enthusiast, and passionate about technology and science. Professor by profession and loves writing interesting articles about Cryptocurrencies, bitcoin, Ethereum, ripple, Forex and commodities.


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