Binance Coin (BNB) has recently attracted attention in the crypto market. Analysts say that BNB is likely to reach $ 800, but it should first exceed some important levels of resistance. In particular, moving averages and fibonacci correction levels may be decisive on the future aspect of the price. Can BNB exceed these levels and realize the expected rise?
Binance Coin (BNB) Price Analysis: Lock Levels
Binance Coin (BNB) exhibits a remarkable price movement in the crypto world. With recent recovery signals, analysts point to the potential to reach the $ 800 level of BNB.
However, in order to achieve this goal, the price needs to exceed some important technical levels. Analyst Ali Martinez states that 50, 100 and 200 -day simple moving averages (SMA) are a major obstacle before the $ 800 target. In addition, 0.382 Fibonacci correction level is an important resistance zone to consider.
BNB Critical Resistance Levels: What should be followed?
It is of great importance that the BNB price exceeds 50, 100 and 200 SMA levels for a sustainable upward movement. These levels had previously acted as strong points of resistance and prevented the price from rising further. In particular, the 0.382 Fibonacci level stands out as a critical region where the price has been withdrawn. If the BNB manages to overcome these resistances, a powerful movement can be opened towards $ 800.
Analyst Martinez also TD sequentialHe states that the indicator points to a possible trend return. According to the signals given by this indicator, the BNB breaks existing resistances and can make higher price targets possible. If the price does not exceed these levels, there may be a short -term withdrawal.
Binance Developments and On-Chain Activity Support
The latest developments in the Binance ecosystem also support the price of BNB. Binance and the US Securities and the Stock Exchange Commission (SEC) for 60 days of ice cream, has had a positive impact on investors. In addition, Binance Smart Chain (BSC) transaction volume increased by 114 %last week. This increase shows that demand and interest in the ecosystem have grown.
Finally, the shares about Binance Coin on social media reached the summit of eight months. This increased the interest in the price of BNB. If this positive atmosphere persists and the price exceeds the level of 0.382 fibonacci, it may be possible for analysts to achieve $ 800 target.
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