BNB is Seen Nearing $400
The Binance Coin (BNB) has demonstrated a positive performance this week, posting a gain of 3.7% to reach $363.0. This is considered a positive sign, especially after prices successfully surpassed the resistance at $350.0 and subsequently retested it. From a technical standpoint, the altcoin now faces a resistance level at $400.0. The current upward scenario is bolstered by a 22% rally in Bitcoin during February. Additionally, U.S. government prosecutors have advocated for a federal judge to accept a plea deal with cryptocurrency exchange Binance, which is a supporting factor for the Binance Coin.
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