Binance Coin Price Analysis: BNB Token Above $700 Will Blast Like Rocket

  • BNB token price action shows strength above $670 and testing the resistance at $693 on intraday session
  • The 24-hour volume in BNB is $5,098,803,160 with a gain of 30.35%
  • The BNB/BTC pair was trading at 0.01164 BTC with a gain of 4.10%

The 4-hour technical chart of BNB token price action projects a bullish trend. According to pivot points, BNB’s critical support levels are $617, $573. Whereas if it jumps up, the crucial resistances to watch are $693, $725 & $768. Besides, the chart also features a Doji star candlestick pattern showing neither bulls or bears could gain the upper hand.

The Exponential Moving Average (EMA), consisting of EMA 20 & 50, acts as strong support in the asset price levels. EMA 20 flies above, indicating a positive trend. Investors may perceive the price is trying to sustain above EMA-20. The price remains above both, the EMA will ensure the Binance coin bullish momentum.

The Schaff Trend Cycle (STC) projects a positive momentum with a value of 100, indicating a buy signal. Additionally, Investors can see an upward curve in the index, which may remain bullish in future trading sessions.

The volume of (461.89K) showcases a huge volume above the Volume MA (376.56K) of 20-days. BNB maintains high buying pressure to drive its price to excessive levels. Investors may also observe inclining volume in the chart, indicating a big move is expected soon.

Binance Coin (BNB) Token Forecasts Buy Signal In Parabolic SAR 

BNB token price was trading at $676.99 with a 2.0% return daily and 1.80% positive in the weekly period. Furthermore, technically, the parabolic SAR indicator suggests a buy signal in BNB. The price shows strength and trying to breach above the resistance, which will ensure a bullish move in the coin. With the support of buying pressure, the price may hit the resistance levels of $693, $725 & $768 in a future trading session, which will give returns up to 15% to the investors in the short term.

Resistance: $693, $725 & $768

Support: $617, $573

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