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- BNB acquired positive momentum, bulls are taking prices back to their zone.
- Prices have a keen eye on the crucial resistance level of $12.00, crossing this level will be a big win for bulls overbears,
- BNB/BTC pair is also performing positive with a profit of 0.93% bringing the level 0.001948.
The 7-day weekly chart indicates that bears are out of steams as prices acquire bullish momentum.
The price level of $9.60 provided prices major support as they didn’t fall but to a gradual rise. With this support level, BNB prices can have a major break out and can have a complete positive divergence.
BNB prices’ current obstacle is the crucial resistance level of $12.00 which is applying lots of pressure on the prices. It prevented prices many times to have a bearish approach. The current momentum of prices and market conditions can be the end of this crucial resistance level.
Binance coin’s current market capitalization is $1,796,941,545 USD with volume traded of $342,775,001 USD and circulative supply of 155,536,713 BNB.
The technical chart indicates positive indications, as there is a complete positive divergence in it.
Prices are showing a gradual rise as they are seeking to have a significant price recovery.
MACD levels are showing heavy bullish momentum means there is heavy buying of the cryptocurrency.
RSI is about to touch the highest point possible which is a very good sign for BNB
Resistance level: $ 12.00
Support level: $11.00
