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Binance Coin (BNB) trades over $300, will there be a new high
2 April , 2021
After forming a base above $220, Binance coin started a fresh increase. BNB broke the main $250 resistance and recently surpassed the $275 pivot level.
The bulls were able to lead the price above the $280 barrier and the 100 simple moving average (4-hours). As a result, there was a break above the $300 level. The price traded to a new monthly high at $336 and it is currently correcting gains.
It broke the $305 support level. There was also a break below the 23.6% Fib retracement level of the upward move from the $269 swing low to $317 high.
On the downside, the first major support is near the $290 level. It is close to the 50% Fib retracement level of the upward move from the $269 swing low to $317 high. There is also a major bullish trend line forming with support near $290 on the 4-hours chart of the BNB/USDT pair.
On the upside, the bulls are facing resistance near the $315 and $320 levels. The next major resistance is near the $340 level, above which the price is likely to set a new all-time high in the near term.
If BNB fails to continue higher above $315 and $320, there could be a fresh downside correction. The first major support is near the $295 level.
The next major support is near the $290 level and the trend line. If there is a downside break below the trend line support, there could be a drop towards the $280 support zone.
Period |
Moving Average |
Price Change |
Percent Change |
Average Volume |
5-Day |
0.005054 |
+0.001023 |
+22.52% |
653,865 |
20-Day |
0.004787 |
+0.000829 |
+17.50% |
761,825 |
50-Day |
0.003707 |
+0.004299 |
+339.31% |
1,537,514 |
100-Day |
0.002561 |
+0.003793 |
+213.93% |
1,210,684 |
200-Day |
0.002338 |
+0.003840 |
+222.48% |
1,322,743 |
Year-to-Date |
0.003119 |
+0.004288 |
+335.52% |
1,420,209 |
Period |
Raw Stochastic |
Stochastic %K |
Stochastic %D |
Average True Range |
9-Day |
98.25% |
85.61% |
75.33% |
0.000368 |
14-Day |
98.46% |
81.17% |
62.04% |
0.000390 |
20-Day |
98.46% |
78.14% |
60.02% |
0.000394 |
50-Day |
86.97% |
81.39% |
76.96% |
0.000321 |
100-Day |
87.27% |
81.81% |
77.46% |
0.000244 |
Period |
Relative Strength |
Percent R |
Historic Volatility |
MACD Oscillator |
9-Day |
72.26% |
1.75% |
66.54% |
0.000394 |
14-Day |
67.82% |
1.54% |
59.01% |
0.000522 |
20-Day |
66.20% |
1.54% |
84.13% |
0.000495 |
50-Day |
63.75% |
13.03% |
172.47% |
0.001575 |
100-Day |
61.25% |
12.73% |
138.86% |
0.002721 |
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