BNB Cryptocurrency Targets to Surpass Bitcoin in May 2022 for All-Time High
BNB Cryptocurrency Targets to Surpass Bitcoin in May 2022 for All-Time High
BNB, the native crypto of Binance exchange, eyes surpassing Bitcoin with steady growth at $600. Market sentiment and crypto trends play a crucial role in determining BNB's rally towards a new all-time high. Despite positive technical indicators, the volatile nature of the crypto market adds uncertainty to BNB's momentum.
BNB Strong Recovery: A Look at This Month's Surge
BNB price recovers notably this month, rising by 13%, signaling renewed bullish sentiment. The MACD histogram shows an upward trend, along with a bullish crossover of MACD lines. RSI nearing overbought levels indicates increased buying pressure.
- MACD histogram signals bullish trend
- RSI approaching overbought levels
- Resistance at $590, potential breakout towards $645
Crucial Support and Resistance
Support levels at Fibonacci levels $477 and $370 & Golden Ratio support at $370. Maintaining above $370 could sustain bullish momentum. Bearish MACD on the weekly chart flags risks for BNB.
- Golden Ratio resistance at $590
- 50-week EMA support at $380
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.