Binance Coin Price: Amid the current recovery trend in the crypto market following the Bitcoin price rally to $50000, the BNB price pickup momentum is above the $300 mark. The renewed buying pressure surged the coin price by 12% within a fortnight to currently trade at $333. This recent uptick bolstered buyers for a bullish breakout from the overhead resistance of the flag pattern, paving the way for a higher rally in the near future.
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Will Market Recovery Push BNB Price Beyond $350?
Binance Coin Price| Tradingview
BNB, the native cryptocurrency on the Binance Exchange, has been under steady correction since the onset of the year 2024. From the last swing high resistance of $338, the retracement phase propelled the coin’s value to a low of $287, registering a 15% drop.
However, the analysis of the daily chart identified this pullback as the formation of the flag pattern. This bullish pattern f
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