In the past few days, bitcoin, Ethereum, and binance coin extended their gains. BNB price formed a support base above the $120 level and started another strong upward move.
The price cleared the $150 resistance level and settled well above the 100 simple moving average (4-hours). There was also a break above a major bearish trend line with resistance near $130 on the 4-hours chart of the BNB/USDT pair.
The pair rallied over 20% and it even spiked above the $175 level. A new all-time high is formed near $176 and the price is currently consolidating gains. It is testing the 23.6% Fib retracement level of the upward move from the $126 swing low to $176 high.