Binance Coin (BNB) has been on a run for almost 10 days now making higher highs on a one-day price chart. 



After surpassing the psychological resistance at the $300 price level over the last week, BNB price sits at the $332 mark at press time. In the last 10-days, the fourth-ranked coin by market cap managed to chart over 20% gains. 



So is there no stopping the price of BNB coin?



BNB price action could halt 



Binance coin’s rather bullish price momentum , presenting over 7.63% daily and 21.60% weekly gains at press time, seemed to be pretty solid. Despite price action weakening on a short-term price chart (hourly), 24-hour trade volumes were over $2 billion noting a 44.87% rise in the last day. 



From a t echnical point of view, BNB’s 24-hour price chart saw signs of overheating. Daily RSI was in the oversold zone and could be due for a correction. 



BNB/USDT Source: Trading View



Furthermore, with price testing the higher $327 resistance level from where it has seen a pullback chances of a short-term price retraction are higher. 



Profit-taking has happened 



On-chain metrics for Binance Coin suggested that at the higher price levels considerable profit taking took place. 



Source: Sanbase



Pseudonymous on-chain analyst Crypto Sunmoon shared on Twitter that while BNB prices were rising, big profits had been realized and whale transaction volume had not risen.



Source: Sanbase



In addition to that, BNB’s Age consumed metric saw a spike of 860K on Oct 31 while its long-term MVRV was in the overheated zone. Thus, a rise in BNB prices could end sooner or later.



However, if the bearish thesis fails, a push to $380 could be next for BNB bulls. 



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