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 =$22.1207 change ~ -2.82%

Coin Market Cap

$3.19 Billion

24 Hour Volume

$127.24 Million

24 Hour VWAP

$22

24 Hour Change

$-0.6242

 

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

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Azeez Mustapha
Azeez 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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