Binance coin (BNB) bulls look set to break key resistance with so much buying pressure that could send BNB price higher. The price of BNB looks really strong after showing some positive signs in the past few days with a lot of bids created by BNB bulls driving the price of the coin despite the market uncertainty. BNB Daily Chart Analysis The daily chart for BNB shows it is trading at $304.5 despite Bitcoin (BTC) trading at key support after falling from a region of $23,100. The price of BNB looks strong despite the market looking bearish which suggest bulls are holding on to the price of BNB. BNB is trading above the 50 exponential moving average (EMA) but trading below the 200 exponential moving average (EMA). BNB broke above the 50 EMA on the daily chart with good volume and made a clean retest before showing more bullish signs. The first major resistance for BNB corresponds with the 200 EMA, successful break and hold above this region could send BNB to a region close to $380. On the daily chart, the price of BNB formed a bullish trend in a symmetric triangle with a successful breakout which confirms bulls could easily push the price of BNB to break its key resistance if market conditions are favorable. Major resistance on the daily chart – $327.40. Major support on the daily chart – $270. BNB Price Analysis On The 4H Chart The price of BNB on the 4H chart shows the price is in an uptrend with swing highs towards...
