Rally

Resistance

Read

Coin

<p>A prominent analyst, Sjuul from AltCryptoGems, shared with his followers that Binance Coin (BNB) is on the verge of a significant price movement as it approaches a key resistance level.</p>
<p>The analyst noted that the resistance zone between $600 and $620 has been a recurring barrier for BNB’s price, tested numerous times without a clear breakout. However, according to Sjuul’s BNB chart observations, a breakthrough past this level could set the stage for a potential rally.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/kaspa-price-slips-below-0-15-as-bearish-kas-patterns-signal-weakness/" target="_blank" rel="noopener noreferrer nofollow">Kaspa Price Slips Below $0.15 as Bearish KAS Patterns Signal Weakness</a></em></strong></p>
<h2 class="wp-block-heading" id="bnb-price-tough-resistance-at-600-620">BNB Price Tough Resistance at $600 – $620</h2>
<p>The BNB price has consistently tested the $600 – $620 resistance level, a price zone marked by strong market rejections in the past.&nbsp;</p>
<p>Despite multiple attempts to break above it, BNB’s price is yet to see a clear breakout. Sjuul mentioned that this level “must break sooner or later,” given the numerous retests. The frequent challenges to this zone suggest that buyers are gradually gaining strength.</p>
<p>Sjuul’s BNB chart analysis supports this claim, showing higher lows forming as BNB nears the resistance zone again. This pattern of higher lows often signals growing buying momentum, increasing the likelihood of a breakthrough soon.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="512" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-1024x512.png" alt="" class="wp-image-564255" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-1024x512.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-300x150.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-768x384.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-1536x768.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-2048x1024.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-700x350.png 700w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352-788x394.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-352.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/AltCryptoGems/status/1844007406285562190" target="_blank" rel="noopener noreferrer nofollow">X/SjuulAltCryptoGems</a></em></strong>
 </figcaption>
</figure>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/strong-bearish-signal-points-to-incoming-solana-sol-price-crash-how-far-down-can-it-go/" target="_blank" rel="noopener noreferrer nofollow">Strong Bearish Signal Points to Incoming Solana (SOL) Price Crash – How Far Down Can It Go?</a></em></strong></p>
<h2 class="wp-block-heading" id="bnb-price-discovery-beyond-620">BNB Price Discovery Beyond $620</h2>
<p>Should BNB’s price break through the $620 resistance, the road to higher price levels may be smoother. Sjuul’s tweet highlights that “there isn’t much resistance above it until $700,” implying that once the $600-$620 barrier is cleared, a strong upward move could follow.&nbsp;</p>
<p>The lack of historical resistance above $620 could lead to a period of price discovery, potentially driving<a href="https://coinmarketcap.com/currencies/bnb/" target="_blank" rel="noopener noreferrer nofollow"> BNB’s price </a>toward higher levels.</p>
<p>This opens the door for a potential rally, with analysts speculating that a clear breakout could trigger a double-digit percentage gain in the near term. The BNB chart reflects this scenario, showing minimal price interaction in the range above $620, which could allow for rapid upward movement.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="potential-bearish-rejection">Potential Bearish Rejection</h2>
<p>While the outlook is optimistic, there remains the possibility of another rejection from the $600 – $620 zone. Previous rejections in this range led to sharp pullbacks, with BNB retracing to the mid-range support at $450. This mid-range has acted as a strong support level in the past, where buyers have consistently stepped in to prevent further declines.</p>
<p>However, each rejection has been followed by a recovery, suggesting that even in the event of another pullback, the downside may be limited by strong buying interest around the $450 level.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-aptos-apt-price-gearing-up-for-bull-run-trons-price-action-signals-breakout/" target="_blank" rel="noopener noreferrer nofollow">Is Aptos (APT) Price Gearing Up for Bull Run? Tron’s Price Action Signals Breakout!</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/binance-coin-bnb-could-see-double-digit-rally-soon-one-resistance-left/" rel="noopener noreferrer nofollow">Binance Coin (BNB) Could See Double-Digit Rally Soon: One Resistance Left</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Binance Coin (BNB) Could See Double-Digit Rally Soon: One Resistance Left

Table of Contents

CaptainAltcoin

Other articles published on Oct 9, 2024

1.99 Trillion SHIB in 24 Hours — Why Are Shiba Inu Whales Staying Put?

Supra Revolutionizes dApp Development with Launch of ‘Containers’

Floki's Valhalla Partners with Esports Giant Alliance

Leading Solana Memecoin Now Available in North America on Major US Exchange

Floki's Valhalla Partners with Esports Giant Alliance

MoonBag’s CEX Listing Is Almost Here—Buy Now Before It’s Gone Forever!

Join our free newsletter for daily crypto updates!