"Hopefully it will break through because it's just a little bit more to reach $350."
In addition to Ethereum (ETH), the price of Binance Coin (BNB) saw a significant upward movement when Bitcoin (BTC) after a long time finally managed to break above $30,000 in the last 24 hours.
It is well known that the price of BNB has the potential to jump higher in the near future if it can break through the $335 zone.
After the following price movements, then BNB is likely to climb to $350, $365 or even higher at $380.
But if BNB still fails to break through its strong resistance zone at $330, the digital asset will make a horizontal momentum first before shrinking to the price level of $320 or below.
It can be clarified here that the main support zone of BNB is at the price level of $315 and the next support zone is near $305, therefore the digital asset risks slipping to $280 if it goes down to the following mentioned price zone.
As of this writing, BNB price has climbed by 6.05% to reach $332.05 in the last 24 hours with a market capitalization of $52 billion and recorded a gain of 6.94% over the last week.
Earlier, the price of BNB was affected when the United States (US) Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance and Changpeng Zhao (CZ) for violating trading and derivatives regulations.
