BNB Price Analysis: Can Binance Coin Hit $750 Next

The BNB coin price has reclaimed its important resistance of $700 with an intraday surge of over 11%. Moreover, with a surge of ~88% in its daily trading volume, this altcoin is currently changing hands at $708.10. Notably, with the Binance coin price recent surge, will this cryp...The BNB coin price has reclaimed its important resistance of $700 with an intraday surge of over 11%. Moreover, with a surge of ~88% in its daily trading volume, this altcoin is currently changing hands at $708.10.

Notably, with the Binance coin price recent surge, will this crypto token dominate the altcoin market rally this month? Let us understand the market sentiments and possible short-lived BNB coin price analysis through this article.BNB Coin Price Reclaims $700 Mark!

The price of Binance token has added 11.17% to its valuation in the last 24 hours with a trading volume of $3.71 billion, a change of +87.43%. Moreover, this altcoin has surged by 21.47% over the past week, highlighting an increase in the bullish action.tradingView: BNB/USDT

Furthermore, in the longer time frame, it has added 1.19% over the past 30 days and has a Year-to-Date (YTD) return of ~1%. Notably, with a market cap of $99.547 billion, it has secured the 05th position and has a market dominance of 3.1447%.The Relative Strength Index (RSI) has successfully retested its oversold range in the daily time frame. This has resulted in it recording a sharp rise toward the overbought range with its average trendline witnessing a bullish curve in the BNB price chart.

On the other hand, the EMA 50/200-day displays a similar price action in the 1D time frame. This suggests that the Binance price may continue gaining value in the upcoming time.