Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – July 3
- The BNB market fluctuates between the levels of $30 and $40.
- However, if a coin experience a bullish or bearish breakout then a trader should suspend his range bound trading.
BNB/USD Medium-term Trend: Bullish
- Resistance Levels: $36, $37¸ $38
- Support levels: $30, $29, $28
Yesterday, July 2, the price of Binance Coin was in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. The BNB market fluctuates between the levels of $30 and $40. On June 21, the bulls tested the upper price range and were resisted. The coin is approaching the lower price range and may face resistance at the lower price range. A trader can trade a ranging market.
A trader should initiate a short trade at the upper price level and exit such trade near the lower price range. Similarly, a long trade should be initiated at the lower price range and exit such trade near the upper price range. However, if a coin experience a bullish or bearish breakout then a trader should suspend his range bound trading. Nevertheless, Binance Coin is at the oversold region of the daily stochastic but below the 40% range. This indicates that the price is in the bearish momentum and a sell signal.
BNB/USD Short-term Trend: Ranging
On the 1-hour chart, the BNB price was in a sideways trend. The 12-day EMA and the 26-day EMA are sloping horizontally. Today, the crypto’s price is fluctuating below and above the EMAs.
The crypto’s price is characterized by small body candlesticks like the Doji and the Spinning tops which describe the indecision between the buyers and sellers about the current market price. The daily stochastic is in the overbought region but above the 20% range. This indicates that price is in a bullish momentum and a buy signal.
Live Binance Coin (BNB) Price:
1 BNB/USD =$216.2138 change ~ -11.55%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.