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BNB Price Prediction for Wednesday, February 21st

BNB gained 5.48% on Wednesday and stood out in a mostly bearish crypto marketplace.

The bullish trend in Binance is picking up further pace

As BNB gains momentum, many of its competitors are falling, including Bitcoin (BTC), which is down 0.78%. The BNB price is at $368.07 (BNB/USD) at the time of writing, and it is still gaining.

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BNB’s volume is on the rise as well, gaining 43% over the last day, indicating potential for an extended bull trend.

Are the Bulls Tiring of BNB Yet?

This coin has been steadily gaining for months now, moving in a gradual upward trend since October of last year. Despite a few setbacks, BNB has kept its gains and moved from $203 to its current level.

There is no reason to think that the bulls are done with this coin. Even if it does start to dip, we expect BNB to get back on its feet quickly and keep moving forward. This has been one of the soundest investments in cryptocurrency for months now, and that will likely continue.

BNB has been bullish in the short term since Tuesday, so there is plenty of potential there for it to go higher. Lately, $350 has been its support level and will likely continue to be. When the coin dipped below that level this week, it did not stay low for long at all and quickly recovered.

Our Forecast for BNB

BNB should keep moving upward despite today’s low crypto market. The broader market has been healthy for most of this year, and that may continue for the near future. BNB likely will not continue to climb steadily month over month, but we do expect it to remain strong.

The current $368 price point is expected to keep moving higher, pushing past $370 very soon. When can we expect $380 from BNB? That may happen as early as this week, but that would mean a 5.9% increase. That would not be out of the question, and it would carinal help Badge closer to the important $400 level, which could happen in March.

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Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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