BNB has skyrocketed 40% after hitting a five-month low! With strong buying momentum, could it reach a new all-time high soon?
BNB Defies Market Trends with Strong Rally
BNB has staged an impressive comeback, rebounding 40% in just 10 days after dropping to $500 on February 3. The coin now trades at $698.40, gaining 10% in the past 24 hours despite broader market consolidation.
This surge is backed by growing accumulation, suggesting genuine demand rather than speculation.
Technical Indicators Show Strong Momentum
RSI Signals More Upside Potential
BNB’s Relative Strength Index (RSI) sits at 62.22, indicating bullish momentum without being overbought. This suggests room for further gains if buying pressure continues.
Aroon Indicator Confirms Uptrend
The Aroon Up Line is at 100%, signaling that BNB has recently hit a new high and remains in strong bullish territory.
BNB Price Prediction: Can It Hit a New All-Time High?
BNB’s next key target is its all-time high of $793.86, last reached on December 4. If demand remains strong, a breakout could be on the horizon.
However, a reversal in momentum could see BNB dropping to $685.55. If buyers fail to defend this level, the price might fall further to $610.98.
With current bullish indicators, BNB looks poised for continued growth, but traders should watch key support levels closely.
