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How is Binance BNB Looking Today?
Binance BNB is currently trading around $275 and is looking quite bullish in the immediate short term. The charts have been looking green since BNB broke above the resistance at $250 and is slowly heading toward the $300 region. Just a couple of weeks back, BNB was struggling to gain any momentum, but the price is moving in an uptrend once again. If this momentum continues, it is possible that we will see BNB retest $300 soon. Let’s take a quick look at the latest Binance BNB Price Prediction Today (11-Jan-2023) to see where the price could be headed next in the coming days.
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Analyzing the Charts
If we take a look at the latest Binance BNB charts, we can notice that the price is currently facing resistance at $280.
The $280 region has significance as it has acted as both support and resistance in the recent past as well. When the price breaks above it, we will be eyeing our main target around the $300 mark.
On the other hand, the level we would like BNB to hold as support is the previous resistance at the $260 mark. The price must stay above this level in order to sustain the momentum.
However, if BNB does break below $260 in the coming days, we could see a quick drop toward the major resistance at $250 once again.
The $250 mark was previously acting as strong resistance, so the price should hold this level in the event of a sell-off.
Conclusion: What is Next for Binance BNB?
Binance BNB is currently trading around the $275 mark and is looking quite bullish on the lower timeframes. If this momentum continues, we can expect the price to soon retest the $300 mark. We did see BNB struggle to break above $300 previously, so it will be interesting to see how the price reacts this time. We are currently bullish on BNB in the immediate short term.
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