• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22

DCA: BTC vs Gold Targets, SOL vs ETH, AI vs Everything

2025-07-21

Why Bitcoin and AI will wipe you out!

2025-07-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22

    DCA: BTC vs Gold Targets, SOL vs ETH, AI vs Everything

    2025-07-21

    Why Bitcoin and AI will wipe you out!

    2025-07-21

    The Start of Altcoin Season…

    2025-07-20

    [URGENT] Bitcoin Investors Don’t Miss These Questions

    2025-07-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»Binance Coin’s [BNB] breakout above $300 means this for the market’s bulls
Altcoins

Binance Coin’s [BNB] breakout above $300 means this for the market’s bulls

2023-03-16No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

  • The daily market structure has turned bullish
  • A pullback as deep as $290 remains a possibility though

Binance Coin [BNB] reacted extremely positively over the past two days of trading. The bullish euphoria over Bitcoin’s gains translated across the crypto-market and BNB gained by 20.5% within four days. A retracement before a sustained move higher up the charts remains possible too.


Is your portfolio green? Check the Binance Coin Profit Calculator


On the daily timeframe, the market structure for Binance Coin seemed to be bullish once more. The recent lower high at $294 was beaten during the latest reversal, but the $309-mark has posed some resistance over the past 24 hours.

A strong confluence of support at $292

Binance Coin breaks out above $300 after bulls seize control

Source: BNB/USDT on TradingView

The Volume Profile Visible Range showed that the price was right above the Point of Control, based on the trading from 8 February. The POC was at $304.2, and Binance Coin seemed to be retesting it as support, at the time of writing.

The Value Area High and Low were found at $322.8 and $274.7, respectively. This meant that $304.2 and $274.7 are two levels buyers will be interested in. In fact, a set of Fibonacci retracement levels (yellow) were drawn based on the latest surge too.

It showed the 78,6% retracement level lay at $276.7, which was almost the same level as the VAL. Moreover, the price action from early March showed the $285-$292 region was significant support on the lower timeframes. The RSI crossed over above the neutral 50-level and indicated bullish momentum had taken root. The OBV also recorded gains and could continue higher.

See also  BNB Price Prediction – Poised For Bullish Breakout Unless This Changes

How much are 1, 10, or 100 BNB worth today?


Therefore, longer-term buyers can wait for a retracement into the $285-$292 zone. More risk-averse traders can wait for a positive reaction over three days before looking to buy and trade with the trend.

Spot CVD surges past February highs in response to demand

Binance Coin breaks out above $300 after bulls seize control

Source: Coinalyze

The funding rate had been negative over the last two days, but it has since slowly climbed above into positive territory. This implied long positions were once more dominant in the market – Signs of a possible flip in sentiment.

The rising spot CVD underlined strong demand, but the Open Interest dipped over the last 48 hours. And yet, the price has appreciated during this time, which is evidence of weakening bullish sentiment.

Binance BNB Breakout Bulls Coins markets means
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Markets Are Going BONKERS! Friday Firestorm! 🚨🔥

2025-07-11

3 Coins That Will Do GREAT in the Future! 🚀

2025-07-08

Bitcoin Is Nearing Breakout Zone

2025-07-02

No More Bitcoin Bear Markets?

2025-07-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

The Quantum Threat To Bitcoin

2024-12-13

Please help to support this channel’s work: https://www.youtube.com/@Bitcoin_University/join In this video, I discuss the quantum…

Analysis

Two Senators Allege Binance Crypto Exchange Lied to US Congress, Ask Justice Department To Investigate: Report

2023-06-08

Two US Senators are reportedly asking the Department of Justice (DOJ) to investigate crypto exchange…

NFT

Celo Foundation Partners with Rarible to Release an NFT Marketplace

2024-04-04

The open-source, decentralized platform Celo Foundation has announced another collaboration. As per the company, it…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22

DCA: BTC vs Gold Targets, SOL vs ETH, AI vs Everything

2025-07-21

Why Bitcoin and AI will wipe you out!

2025-07-21

Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

2025-07-21
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,878.85
ethereum
Ethereum (ETH) $ 3,718.00
xrp
XRP (XRP) $ 3.50
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 797.55
solana
Solana (SOL) $ 201.39
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.265321
staked-ether
Lido Staked Ether (STETH) $ 3,696.78
cardano
Cardano (ADA) $ 0.884432
bitcoin
Bitcoin (BTC) $ 118,878.85
ethereum
Ethereum (ETH) $ 3,718.00
xrp
XRP (XRP) $ 3.50
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 797.55
solana
Solana (SOL) $ 201.39
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.265321
staked-ether
Lido Staked Ether (STETH) $ 3,696.78
cardano
Cardano (ADA) $ 0.884432