Can Binance Coin (BNB) Hit $800 By April End?

Binance Coin (BNB) recently reignited its price surge after undergoing an important technical test. Bitcoin’s stagnation above $66,000 contrasts with BNB’s sudden surge above $600, as the top exchange token is poised to retest key upside resistance levels soon. I can see it.

After last year’s retrospective, BNB spent a significant amount of time around the $300 support. However, this sideways price movement has recently been replaced by a new uptrend. In the past 24 hours, BNB also crossed the $600 level and reached $608 before falling to its current price.

Binance Coin is currently trading at around $598, representing an increase of 7.8% over the past 30 days. Current market sentiment appears to favor a continuation of the uptrend over the possibility of a short-term decline.

Also read: Shiba Inu raises $12 million in new blockchain treat token sale

How high will BNB rise by the end of April?

BNB recently broke through the key psychological level of $600. However, that didn’t last long as prices have been volatile along with the overall market capitalization of cryptocurrencies.

Drawing insights from BNB’s actions in early 2024, crypto experts Changely announced the price prediction for Binance Coin at the end of April.

It is expected that the coin price could reach an average of $582 during this period. The lowest expected price within the same period is set at $580 and the highest price target is set at $605. The forecast reveals that BNB is unlikely to reach the $800 level by the end of this month.

Also read: Cryptocurrency: Top 3 AI coins to buy for double profits

After concerns surrounding the Binance exchange shook investor confidence last year, BNB appears to have reawakened the strong fundamental narrative that has underpinned it since its inception.

This week has decisively regained bullish momentum, and with Binance Coin hovering around the $600 level, all eyes are on its next leap forward. CoinGecko According to the data, BNB rose 3.4% in the past 24 hours.

BNB Coin is performing well despite regulatory conflicts surrounding Binance globally. The world’s largest cryptocurrency exchange is currently under intense scrutiny in Nigeria.

Related Article

0 Comments

Leave a Comment