BNB Price Prediction: Fresh Increase Possible Above 100 SMA

BNB price (Binance coin) is recovering above $240 against the US Dollar. The price might gain bullish momentum if it clears $260 and $270.Binance coin price is attempting a recovery wave above $240 against the US Dollar.
The price is now trading below $260 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support near $242 on the 4-hour chart of the BNB/USD pair (data source from Binance).
The pair might struggle to gain bullish momentum above $260 and $