Posted on: February 21, 2021 Posted by: admin Comments: 0

The crypto market has seen renewed bullish momentum as Bitcoin surged on the charts to establish new all-time highs. At the time of writing, Bitcoin has been trading at $57582 with a 24-hour trading volume of $56.2 billion.

Source: CoinStats

Interestingly, with the king coin north-bound on the charts, many of the market’s altcoins such as Binance Coin and SushiSwap also saw their price appreciating during the course of the past few days.

Binance Coin [BNB]

Source: BNB/USD, TradingView

Binance Coin has been trading at $293.2 with a market capitalization of over $45 billion at the time of writing. During the course of the past week, the coin has seen its price rise by over 124 percent. After the price surged on 19th Feb, the coin has continued to test the resistance around the $360 price range. If the coin fails to breach this rang, then it may soon head towards its support at $237.

The EMA ribbons have settled close to the $160 price range and if the first support fails, BNB may borrow support from the EMA