BNB BNB BNB 5.01% BNB BNB BNB Price $599.48 5.01% /24h Volume in 24h $2.02B Price 7d keeps pushing up and making new ATH after ATH ever since July. The Binance community and investors are holding strong, while coins like ETH and SOL are yet to see price breakouts. And this is all happening without too much noise. It makes you wonder, where will price be when there is noise?

Some people like Ash are noticing. And it begs the question: Is BNB a good buy now? How much further can price rally? Before continuing, please catch up with last month’s article here.

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BNB Hits New ATH At $1238: What Comes Next?

(BNBUSD)

Continuing from last month, we will look at the Daily chart first. I will erase the scribbles after this article since they are not relevant anymore. But it is worth keeping them to be able to go back and review previous analysis. How accurate was it, or how far off? Option one, with the yellow, is what we see came true with BNB. The green line at $840 never got retested. The trend is up, as price is above all three MAs, and the order is from smallest to largest: 50, 100, and 200.

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Dive with us into this BNB price technical analysis article as we explore key levels, trend and indicators such as MAs and RSI.

(BNBUSD)

The 4H chart gives really good information on price action over the two weeks since my last article covering BNB price. Here we can see clearly the retrace to the $910-$945 orderblock, then reclaiming the Moving Averages and continuing for the next ATH. Even though the bearish Evening Star pattern was formed, the pull-back was rather shallow and brief. Making shorts a risky play. It is good to focus on looking for long entries when the market is trending up.

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Low Timeframe And Next Moves

(BNBUSD)

The last chart for today will be on the 1H timeframe. Perfect to see the break above last ATH of $1083, retest and continuation. As we can see here, sometimes price does not stick around long at the retest area. Though it is good to mark it as a now support level.

So, is it late to enter a long position now? Traders would rather wait for a retrace than enter right around ATH. Until price cools down, it might be good to look at other coins for favourable set-ups. As for BNB price, the next Fib levels sit at $1455 and $1640, respectively.

Stay safe out there!

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BNB Price Crushing The $1200 Level For a New ATH: What's Next?

  • BNB price hits $1238 for new ATH. Next Fib levels are at $1455 and $1640.
  • RSI on 1D and 1W is high, but could stay there
  • Orderblock between $900-$940 got tested and held
  • Price might cool down for a few days. Or not.

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Petar Tatarski
Petar Tatarski

Petar entered the crypto world in 2021. His main interest in crypto is charting and trading which he has studied for 3 years. What drew him in was his love for math, logic and seeing price move on the charts.... Read More

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