Binance coin, Bitcoin, and Ethereum hit new highs during the past few days. On Thursday, the crypto soared by 46.8%, reaching the high record of $193. However, BNB price formed a support base above the $120 level yesterday and started another strong upward move.
Afterward, the price overcome the $150 resistance level, settling above the 100 simple moving average (4-hours). The crypto also managed to break a major bearish trend line with resistance at $130 of the BNB/USDT pair.
The pair jumped by 20%, soaring above the $175 level. Then it formed a new high near $176, before reaching $193 today. If BNB remains stable above the current price, it could continue to increase and even hit the $200 level in the coming sessions.
How did Bitcoin and other major cryptos fare?
On Wednesday, Bitcoin surged forward by 0.75% to $49,572.5. After a bullish start of the day, the crypto jumped from an early morning low of $49,182.0 to a high of $49,584.0.
Meanwhile, other digital coins fluctuated during the session. Litecoin increased by 0.85%, and Ripple’s XRP added 1.76%, joining Bitcoin in the green. However, other majors traded on the bearish territory, with Chainlink tumbling down by 1.17%.
On Tuesday, Bitcoin rallied by 2.65%. After reversing a 1.42% loss from Monday, the crypto ended the day at $49,203.0. But it fluctuated during the session, dropping to an early morning intraday low of $47,0460 before moving again.