BNB Technical Analysis: Will Buyers Surpass the $450 Barrier?

BNB coin price experiences a surge in buying pressure and surpasses the 200-day EMA. Will the uptrend overpower sellers at $450? Key technical points: BNB prices have increased by 1.21% in the past 24 hours. The uptrend challenges the $450 barrier. Finally, the 24-hour trading volume of Binance is $2.145 Billion, marking a 1.66% fall. Past Performance of BNB BNB coin price started the reversal rally from the $350 mark with a double bottom breakout resulting in a 26% jump. The uptrend surpasses all the critical EMAs in the daily chart and teases a potential golden crossover. The rally increases buying pressure and challenges the psychological barrier at $450. Source-Tradingview BNB Technical Analysis BNB coin price action showed lower price rejection in the daily candle previous this week. Hence, the possibility of a bull run surpassing the $450 mark increases significantly. The crucial daily EMAs (50, 100, and 200-days) maintain a bearish alignment but the reversal of the 50-day EMA increases the golden crossover possibility. Moreover, the price sustaining above the 200-day EMA highlights a buying opportunity. RSI Indicator: The RSI slope projects a long-coming uptrend and a phenomenal rise in underlying bullishness. However, the uptrend failed to surpass the overbought boundary. MACD Indicator: The MACD and signal lines reflect a decline in the bullish spread and increase the chances of negative crossover. Therefore, the indi...