Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – July 31


  • On the downside, if the price continues its fall, the market will revisit the lows of $24 and $25 price levels.
  • On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $40 price level.

BNB/USD Medium-term Trend: Ranging

  • Resistance Levels: $36, $37¸ $38
  • Support levels: $30, $29, $28

On  June 21, the Binance Coin reached a high of $40 but was resisted.  The bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. On July 16, the downward trend was corrected at the support of the $25 price level. On July 17, the bulls made an upward move and broke the 12-day EMA  but were resisted by the 26-day EMA. The price fell below the EMAs.

On the downside, if the price continues its fall, the market will revisit the lows of $24 and $25 price levels. On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $40 price level.  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: Bullish

On the 1-hour chart, the BNB price is in a bullish  trend. The 12-day EMA and the 26-day EMA are sloping upward. Today, the crypto’s price is fluctuating above the 12-day EMA and the 26-day EMA indicating that price is likely to rise.

The BNB coin is trading at the daily stochastic in the overbought region but below the 80% range. This indicates that price is in a bearish momentum and a sell signal.

Live Binance Coin (BNB) Price:

1 BNB/USD =$577.6511 change ~ 5.61%

Coin Market Cap

$88.63 Billion

24 Hour Volume

$5.82 Billion

24 Hour VWAP

$584

24 Hour Change

$32.40

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide