Claim BonusBinance Coin Price Forecast: BNB Stalls Ahead Of A 109% Potential Liftoff To New Record Highs
- Binance Coin technical breakout stalls at $300, delaying the anticipated upswing above $500.
- BNB is in the hands of the bulls based on the MACD on the 4-hour chart.
- Support is anticipated at the 100 SMA and 50 SMA, likely to prevent declines to $205.
Binance Coin (BNB) continues to outperform other altcoins, leading recovery amid lethargic market action. Over the last 24 hours, the native token to Binance exchange has rallied more than 15% to trade at $277. This followed a technical breakout; however, bulls seem to have lost steam at $300.
Following the rejection from the all-time high, BNB bulls are on a mission to seek higher support. Note that the upswing followed the formation of an ascending triangle. This pattern does not have a bearish bias or bullish bias. However, it can result in either a breakout or a breakdown.
After a gigantic move in an asset’s price, a triangle pattern forms and signifies a period of consolidation. Two trendlines create the triangle where one connects a series of lower highs and links a series of higher lows.
A breakout occurs when the price lifts above the upper trendline. It is worth mentioning that the breakout usually has an exact target measured from the triangle’s highest to lowest points. Binance Coin’s technical triangle breakout eyes a 109% upswing to highs above $500. If validated, Binance will continue leading the altcoin rally.
BNB/USD 4-hour chart
The uptrend is emphasized by the Moving Average Convergence Divergence (MACD) on the 4-hour chart.
The trend momentum indicator is moving higher in the positive region. Besides, a MACD cross above the midline confirms that the token is in the bulls’ hands.
If the breakout fails to materialize, Binance Coin may seek support before continuing the uptrend. The confluence made by the 50 Simple Moving Average and the 100 SMA is in line to provide the support, preventing BNB from hitting $205.
Binance Coin intraday levels
Spot rate: $252
Percentage change: -6.4%
Relative change: -18
Trend: Bearish
Volatility: Expanding
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- ‘XRP Will Continue to Be at the Heart’: Ripple Reaffirms Commitment to Token
- CLARITY Act Failure Could Stall the 2026 Crypto Bull Run, Warns Bitwise CIO
- BTC Price May Rally if Fed Prints Money to Stabilize Japan, Says Arthur Hayes
- Trump Says Interest Rates Will Come Down Once Fed Chair Is Replaced
- Why Monad Token Price is Up Today?
- Shiba Inu Price Outlook As SHIB Burn Rate Explodes 2800% in 24 Hours
- Pi Network Price Prediction as 134M Token Unlock in Jan 2026 Could Mark a New All-Time Low
- Bitcoin Price Outlook as US Dollar Index Hits 4-Year Low, Gold Soars
- Stock Market Today: Nasdaq, Dow, S&P 500 Futures Rise Ahead of Fed Meeting, and Jobless Claims
- Bitcoin And XRP Price Prediction Ahead of FOMC Meeting Today, Jan 28
- XRP Price Prediction as Ripple Scores Big Partnership in Cash-Rich Saudi Arabia
