Can Binance Coin hit $40? BNB faces last hurdle before all-time highs

Binance Coin faces final resistance before test of all-time highs.

The 3-day chart of Binance Coin is showing a massive surge in the past week and some beautiful technical analysis.

Due to the dropdown of Bitcoin, the price of Binance Coin dropped severely, as the level at $18 saw a test of this support.

This push upward was partially caused by the announcement that Binance is entering the DeFi space as well as the CEO of Binance urging Ethereum-based projects to join the new Binance Smart Chain platform.

If the price of Binance Coin breaks above this red area, a test of the all-time high levels seems very likely.

The BTC pair of Binance Coin shows a precise construction that was broken to the upside.

The price of Binance Coin has been hovering against the 0.00022500 sats range for more than twelve months, as several tests failed to break through the resistance zone.

The recent test led to a strong breakout, resulting in the start of a new impulse move - a very similar price move as the one at the beginning of 2019.Can Binance Coin rally towards $35? BNB/USDT 2-hour chart.

The 2-hour chart of Binance Coin is showing a clear structure.

If the price of Binance Coin drops below $31, traders should expect a test of potential support zones at $28 and $26. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.