BNB Rallies to 5-Month High Despite SEC Demanding $4 Billion Fine - Is $300 Next?

• The BNB price has increased above $250 despite negative Binance news.
• The price is approaching a descending resistance trend line that has been in place since December 2022.
• The weekly timeframe analysis shows that BNB has been trading between $220 and $350 since April.
• The RSI is increasing and above 50, indicating a bullish trend.
• Analysts believe the long-term BNB price trend is bullish, with expectations of a breakout above $300.
• The daily RSI suggests a bullish trend continuation, but the price still faces resistance at $270.
• A breakout from the trend line could lead to a 35% increase to the next resistance at $350.
• A daily close below $250 would invalidate the bullish hypothesis and potentially result in a 20% drop to the closest support at $210.

The sentiment in the article is mostly positive, with analysts expressing bullish outlooks for the BNB price despite negative news surrounding Binance.