Is Binance Coin (BNB) A Good Trade?

Binance Coin - BNB/USD Price Action Analysis

After bottoming out at $4.38 back in December, the BNB/USD pair has started a gradual uptrend which resulted in a break above some key pivot levels as well as the daily Ichimoku Cloud. While we could see a pullback towards $7 in the near term, the bulls appear to be in charge at the moment so the next stops for BNB could be $9 and $11 respectively. It still may take some time for BNB to reach the all-time-high level of $25 or even break above it. Of course, on Bincance exchange you can only buy BNB versus crypto tokens like Bitcoin so you need to convert this technical analysis accordingly.

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