BNB Price Surges to All-Time High
This is a news story, published by CoinGape, that relates primarily to Binance Coin news.
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BNB price performanceCoinGape
•BNB Price Skyrockets To New All Time High, Rally To $1000 Near?
63% Informative
Binance Coin (BNB) has surged to a new all-time high, hitting $ 775 , as it gains significant bullish momentum.
The breakout of an inverse head and shoulders pattern, a bullish reversal chart formation, has led to a projected price target of $ 780 .
The 50-day simple moving average ( SMA ) has crossed above the 200-day SMA indicating further positive price momentum and the formation of a golden cross on the chart.
This golden cross means that BNB is expected to keep on rising in the short term and in the long term.
The rise in open interest signals that traders are taking long positions, expecting the price to continue rising.
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