- From this low the bulls made an upward move to a high of $40.
- Fron the Fibonacci tool, the crypto’s price fell to support of the 0.382 Fib. retracement level.
BNB/USD Medium-term Trend: Bullish
- Resistance Levels: $36, $37¸ $38
- Support levels: $34, $33, $32
Yesterday, June 25, the price of BNB was in a bullish trend. The price was retracing after resistance at the $40 price level. In retrospect, Binance coin had been making an upward move since February. On May 9 , at a low of $18 ,the bulls made an upward move to the high of $35 on May 25.
On May 26, the price was resisted and had a downward correction to a low of $30 on June 9. From this low the bulls made an upward move to a high of $40. Fron the Fibonacci tool, the crypto’s price fell to support of the 0.382 Fib. retracement level. From the price action, the crypto’s price retraced to the support of the 26-day EMA. Nevertheless, Binance Coin is at the overbought region of the daily stochastic but below the 60% 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 trending horizontally. Today , the crypto’s price rose to the $38 price level and the bears brought back price below the EMAs . 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 =$17.2930 change ~ 4.39%
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