BNBUSDT price reached $804 today after a 16% increase over the past week, marking a new ATH. The altcoin has successfully ended a long period of consolidation and now stands at $799. Its recent price movements indicate strong upward momentum, suggesting the potential for further gains. For nearly seven weeks,
BNBUSDT has seen consistent accumulation. This trend is reflected in the exchange net position change, which shows growing investor interest in the altcoinThe bullish market sentiment is helping
BNBUSDT break through key resistance levels. If this momentum continues, BNB could reach the $850 mark, a psychological milestone for the altcoin. This level could attract more investors and provide further price support, pushing BNB higher in the coming days.However, should BNB holders decide to secure profits, the altcoin could face a price pullback. If selling pressure intensifies,
BNBUSDT may slip below its current support level of $741, which would invalidate the bullish outlook. A drop to this level would suggest a shift in sentiment, likely leading to a market correction.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.