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Binance Coin’s [BNB] breakout above $300 means this for the market’s bulls

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionBinance Coin [BNB] reacted extremely positively over the past two days of trading.

The bullish euphoria over Bitcoin’s gains translated across the crypto-market and BNB gained by 20.5% within four days. A retracement before a sustained move higher up the charts remains possible too.Is your portfolio green?

Check the Binance Coin Profit CalculatorOn the daily timeframe, the market structure for Binance Coin seemed to be bullish once more.

The recent lower high at $294 was beaten during the latest reversal, but the $309-mark has posed some resistance over the past 24 hours.Source: BNB/USDT on TradingViewThe Volume Profile Visible Range showed that the price was right above the Point of Control, based on the trading from 8 February.

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