Binance Coin (BNB) price has successfully breached its ongoing consolidation. If this momentum is maintained, BNB could extend its uptrend and revisit
Binance Coin price is in a pullback after overcoming $220, a key hurdle. BNB is likely to provide an opportunity for sidelined buyers to accumulate at around $220. A bounce off this level has the potential to trigger a 15% upswing and tag $253. Invalidation of the bullish thesis will occur on the breakdown of the $212 support level. key hurdles.
Going forward, this pullback is likely going to steepen, allowing BNB to retest the $220 support floor while the Relative Strength Index tags the 50 mean level. This development will allow bullish momentum to replenish and provide sidelined buyers an opportunity to accumulate. As a result, Binance Coin price is likely to kick-start its ascent to overcome the $228 resistance level and tag the $253 hurdle. In total, this move would constitute a 15% gain.
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