Binance Coin Breaches $500: How High Can BNB Go? Binance Coin surpasses $500: What is the potential upper limit for BNB?

Binance Coin (BNB) has experienced a resurgence in its price this week following successful technical evaluations. BNB, the top exchange token, has seen a sudden spike above $500 while Bitcoin remains stagnant above $72,000. This could indicate that BNB is likely to retest important upper resistance levels in the near future. BNB spent a significant amount of time hovering around $300 support after retracing last year. Nevertheless, this sideways movement has transitioned into a new upward trend lately. The current trading price for Binance Coin is around $5003, marking a 66% rise in value over the previous month. Technical indicators indicate that the asset is showing signs of being overbought. Nevertheless, the market is currently showing a preference for the upward trend to continue rather than experiencing any short-term setbacks. Additionally, check out Shiba Inu’s official prediction that SHIB will reach $0.01. BNB recently surpassed the significant $500 psychological barrier. Experts at Changelly have predicted that the fear of missing out could push BNB to retest its previous all-time highs above $690. Based on BNB’s performance at the start of 2024, they believe that the coin may reach an average price of $530 for the week. During this time frame, the projected price range is between $523 and $570. Additionally, consider reading about the top 3 meme coins that have the potential to increase by 10 times during this bullish market.