CryptoSignals News
Join our Telegram

Binance Coin Fluctuates in a Tight Range, Struggles Below $510 Resistance

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Binance Coin Fluctuates in a Tight Range, Struggles Below $510 Resistance

Binance Coin (BNB) Long-Term Analysis: Bullish
Since August 23, Binance Coin (BNB) has been in a downward correction as the altcoin faced resistance at $520 high. Today, the crypto’s price is retesting the $510 high to break above it. For the past two weeks, buyers have failed to sustain BNB above the $520 overhead resistance. For the past week, the crypto’s price has been fluctuating in a tight range between levels $482 and $510. Further upward move is likely as the altcoin’s price is above the moving averages.

Binance Coin (BNB) Indicator Analysis
Binance Coin is at level 63 of the Relative Strength Index period 14. It indicates that the coin is in the bullish trend zone and above the centerline 50. The crypto is capable of rising on the upside. The crypto is above the 78% range of the daily stochastic. It indicates that the market is in a bullish momentum and it is approaching the overbought region.

BNB/USD – Daily Chart

 Technical indicators:  

Major Resistance Levels – $640, $660, $680

Major Support Levels – $540, $520, $500

What Is the Next Direction for Binance Coin (BNB)?
On the 4 –hour chart, the altcoin has been in a downward correction. The crypto has been struggling to break above the $510 resistance. Meanwhile, on September 2 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the coin will rise to level 1.618 Fibonacci extension or level $534. 22.

BNB/USD – 4 Hour Chart


You can purchase crypto coins here. Buy Tokens

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Recent News

June 18, 2021

Bitcoin Cash (BCH/USD) Hustles at Lower Range Zone

Bitcoin Cash Price Prediction – June 18It appears that there has a continued market movement in the BCH/USD featuring how price hustles at the lower trading level of $600. The crypto now records a negative percentage rate of -0.58 to trade around the value of $595. BCH/USD Market Key Levels:Resista...
Read More
December 23, 2022

Cardano Loses Its $0.31 Support as Sellers Target the $0.23 Low

Cardano (ADA) Price Long-Term Forecast: BearishCardano (ADA) is losing value as sellers target the $0.23 low. Since December 19, the cryptocurrency asset has continued to trade above the $0.24 level of support. The $0.31 support level has been broken by the bearish momentum after holding since Nove...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram