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    Binance Coin (BNB) Price Analysis (February 15)

    Key Highlights

    • BNB/USD trade operations have somewhat been on an increase.
    • The US dollar, at this point, has to place the crypto's price under slow-moving forces around $24 market point.
    • The BNB/USD market bulls may not be having it further smoother against the bears in the movement pathway to the north.

    Major supply zones: $32, $36, $40
    Major demand zones: $16, $12, $8

    Binance Coin (BNB) Price Analysis

    BNB/USD trade operations have somewhat been on an increase in valuation for quite a while. Around January 14, until the present, the market worth of BNB has continued to trade through the buy signal trend-line of its smaller SMA indicator.

    On February 6, the crypto successfully broke through a supply zone at $20 mark to set a sustainable stance in the market, to now trade closer to a high value at $28 point. The US dollar, at this point, has to place the crypto's price under slow-moving forces around $24 market point.

    Binance Coin (BNB) Technical Indicators Reading

    The 14-day SMA trading indicator has over time being on top of the 50-day SMA to supply the crypto with the bullish signal needed in the north direction. The 50-day SMA trend-line maintains a point over $16 mark to solidify its sitting of the major demand zone at that line.

    The SMA trading indicators yet point northward to signify the possibility of not seeing a quick downturn in the BNB/USD market. The Stochastic Oscillators are now moving in a consolidation mode within the overbought region. That suggests that the BNB/USD market is now facing an indecision trading situation.

    Conclusion

    After a long and relative up rises in the BNB/USD market operations, the bulls have to stably push past $28 mark to the north to gain a stance for more ups against a falling price movement from that line. It is equally envisaged that the bulls may not be having smoother against the bears in the movement pathway to the north.

     

    Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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    Ben Jordan
    Ben Jordan
    Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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