RATE Group | Binance Coin (BNB) Cryptocurrency Is Surging: Here’s How It Can Refuel BTC
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Binance Coin (BNB) Cryptocurrency Is Surging: Here’s How It Can Refuel BTC

06 Mar Binance Coin (BNB) Cryptocurrency Is Surging: Here’s How It Can Refuel BTC

Posted at 05:13h in Cryptocurrency News by

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Binance coin price is gaining bullish momentum above the $20.50 resistance against the USDT. BNB price action suggests bitcoin could also start a decent upward move if it remains stable above $9,000.

  • Binance coin price is up more than 3% and it recently broke the $21.00 resistance against the USDT.
  • The price is likely to rise further if it clears the $21.45 and $21.50 resistance levels.
  • There was a break above a major bearish trend line with resistance near $19.98 on the 4-hours chart of the BNB/USDT pair (data source from Binance).
  • Bitcoin is trading above $9,000 and if the market sentiment improves, it could rally above $9,200.

Binance Coin Price Gaining Traction

In the past few sessions, binance coin followed a bullish path above the $19.00 and $20.00 resistance levels. BNB price even settled above the $20.00 resistance area and the 100 simple moving average (4-hours).

It opened the doors for more gains above the 50% Fib retracement level of the last key decline from the $23.25 high to…

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