<em><strong>The BNB prices attempt to exceed the $9.5 resistance level to take a hit at $10. Will buyers manage to sustain the buying pressure?</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The Binance (BNB) price action shows a breakout rally surpassing the $300 mark.</li>
 	<li>The bullish turnaround in the 50-day SMA teases an improvement in the underlying bullishness.</li>
 	<li>With a market cap of $49.12 billion, the intraday trading volume of Binance has dropped by 89% to reach $2.26 billion.</li>
</ul>
<h3>Past Performance of BNB</h3>
As predicted in our <a href="https://www.cryptoknowmics.com/news/uni-technical-analysis-uniswap-prices-shoots-above-8" target="_blank" rel="noopener">previous article</a>, the BNB price retests the broken range, and with the 100 SMA acting as a bullish launchpad, the trend reverses to crack above $300. The successful post-retest reversal comes after multiple Doji candles near the $280 mark. Moreover, the bullish engulfing candle of 4.90% jump undermines the declining trend due to supply pressure at $295. Hence, the price action displays a high possibility of uptrend continuation as the buying pressure increases gradually.

<img src="https://s3.tradingview.com/snapshots/n/NAKHqCeH.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/NAKHqCeH/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>BNB Technical Analysis</h2>
As the BNB price trend breaks above the psychological mark of $300 and shows a bullish trend continuation, the improved underlying sentiments are evident. Hence, traders can hope the uptrend reaches the overhead resistance at $350, accounting for a price jump of 15%. Moreover, the intraday trading volume spike supports the bullish breakout rally.

As the Binance market price grows above the 100-day SMA, traders can expect the uptrend to reach the 200-day SMA, close to $250.

The RSI slope maintains the uptrend to reach the overbought zone reflecting an increase in the underlying bullishness. However, a slight bearish divergence arises with the breakout rally teasing a potential bear attack.

Moreover, the MACD indicator shows a positive trend of the fast and slow lines with a significant bullish spread. Hence, the technical indicator shows a high possibility of an uptrend continuation.

In summary, the BNB technical analysis maintains a positive outlook for the upcoming trend as the buying pressure increases.
<h2>Upcoming Trend</h2>
If Binance prices exceed the $300 mark, the demand for BNB increases which may fuel the uptrend to reach the $350 mark. Conversely, a bearish reversal will retest the $300 breakout or lead to a drop to 100-day SMA if the selling pressure increases.

Resistance Levels: $325 and $350

Support Levels: $300 and $280

BNB Technical Analysis: Binance Above $300, Prepares Another Jump

The technical analysis shows how BNB prices attempt to exceed the $9.5 resistance level to take a hit at $10. Will buyers manage to sustain the pressure?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BNB Technical Analysis: Binance Above $300, Prepares Another Jump

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