BNB Price Prediction: BNB Soars 6% To A New All-Time High, But Traders Flock To This Telegram Bot’s ICO For Potential 10X Gains

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BNB Price
BNB Price

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The BNB price surged 6% in the last 24 hours to trade at $844.14 as of 10:51 p.m. EST as investors rush to buy the crypto.

In the last 24 hours, the altcoin was also able to print a new all-time high (ATH) at $851.98. It has since retraced less than 1% to trade at its current level.

BNB Price Challenging Resistance

WBNB Chart Image

Daily chart for WBNB/USD (Source: GeckoTerminal)

The BNB price is attempting to flip the resistance level at $851.75 into support, data from GeckoTerminal shows. Should the altcoin clear this technical barrier within the next 24 hours, it could go on to set another ATH. Traders might then eye the subsequent resistance level at $909.59.

On the other hand, a rejection from the $851.75 resistance level might prevent that bullish move from happening. In this alternative case, traders could decide to book their profits. With enough sell pressure, the BNB price might end up dropping to the nearest support level at $798.35. Continued sell pressure could then result in a plunge to as low as $742.99 in the short term.

Buyers Could Push The BNB Price Higher As Technicals Remain Bullish 

Looking at technical indicators on the daily chart, a bullish scenario seems more likely to play out over the next 24 hours. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs. 

That’s as the MACD line continues to break away above the MACD Signal line. Traders usually see the current orientation, with the MACD line positioned above the MACD Signal line, as an indication that a crypto is in a positive trend. The growing gap between them could also suggest that BNB’s bullish momentum is growing stronger.

Meanwhile, RSI readings have risen over the last couple of days as well. This is a classic sign of increasing buyer strength. 

However, traders will want to keep an eye on the RSI, because the current reading in the mid 80s warns the crypto is overbought. 

There have been instances in the past where the RSI has remained high for long periods of time. This was usually when a crypto was pumping.

With the growing momentum and current upward slope of the RSI, this could be another one of those instances. 

As the BNB price tries to clear resistance, traders are also buying into the presale for Snorter Token (SNORT). According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, SNORT has the potential to soar 10X at launch.

Snorter Token Turns Telegram Into A Personalized Trading Dashboard

BNB is the native crypto of the leading centralized exchange Binance. As such, its surging price suggests traders are growing increasingly active in the market. In this environment, opportunities that could lead to massive gains are likely to show up, making Snorter Token one of the best cryptos to buy now.

Not only has SNORT been flagged as a potential 10X gem by experts, it also introduces a lightning-fast trading bot to the market. 

With the Snorter bot, users can snipe new tokens as they emerge, perform sub-second swaps, copy other top traders, and even monitor their portfolios in real time, all from the Telegram messaging app.

As Snorter bot users look for the next crypto gem that could result in substantial gains, they can trade new tokens with the peace of mind that they are protected by the bot’s advanced rug pull and honeypot scam detection. So far, the bot has shown an 85% success rate in identifying and protecting users from these threats.

All of that trading power and protection also comes with some of the lowest fees in the market. By simply holding SNORT, users slash their execution costs from 1.5% to 0.85%. 

SNORT Presale charges Towards $3 Million

Investors are already betting big on SNORT’s future, and have pumped more than $2.4 million into the project’s ongoing ICO so far. 

There’s still time left for interested investors to buy SNORT during this early stage. To do so, buyers can utilize the simple widget embedded on the project’s website. Selling for $0.0995, SNORT can be bought with both crypto or bank card.

Once purchased, SNORT tokens can also be staked for a 169% APY.

Investors that want to secure the best presale deal will want to hurry, because SNORT’s price will increase as its presale progresses. The next ICO price hike will happen in less than 31 hours.

Visit the official Snorter Token website to learn more.

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