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Binance Coin Surges – to $360 next?


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Binance Coin experienced consistent growth throughout January 2023 and was able to overcome the $315 resistance level in the first few days of February 2023. Since November 2022, there has been noticeable resistance at this level. A move above it therefore portends more gains.

Recent research emphasised BNB's recent strong market performance as well as the fact that the use of the exchange token was increasing. The trend is favourable for bitcoin as well. Therefore, another upward move for Binance Coin may be the way forward, barring a BTC dip below $22.3k.

Lower timeframe bullish sentiment gathers strength

BNB's price is $44.0000000 (15.34%) above its 100-day moving average price of $286.790000000 as its price at the moment sits at $330.780000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives BNB an average long-term technical score of 63. Long-term trading movement of BNB suggest that investors are neutral on the coin at the moment. BNB has a total market value of $52,230,903,062.37 with an high average daily volume of $4,213,665,495.84 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BNB's volume is below its average with $515,876,894.06 exchanged in total.

BNB Coin Price will reach $360?

When exactly a bullish breakout would start is unknown. The available data suggests that an upward shift is more probable. A drop below $321.5, which would turn the lower timeframe market structure bearish, would invalidate this theory. In this case, there can be a bullish response to a retest of the $315 level.  If the upgrades of the network manage to push the price action. Then we can expect the Binance coin price prediction to rally to $340.65 by the end of 2023 as per coinpedia.

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So, in comparison to Bitcoin, Belong cannot be considered as an alternative, but it can be an additional tool for creators who want to make money from their digital creations. Belong allows you to create, upload, and sell NFTs on their platform, which can be useful for artists and designers who want to increase their income.

In addition, Belong provides a simple and user-friendly platform for trading NFTs, which can be attractive to newcomers to the world of digital assets. Due to this, Belong may be a better choice for those who do not want to take on the risks associated with cryptocurrencies and want an easier way to trade digital assets.

 

 

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