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Binance Coin (BNB) Bulls in Action, Resistance Level Of $14.50 In Reach

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  • Binance Coin BNB again acquired positive divergence and showing strong signs that it can gain a crucial price level of $14.50.
  • Prices broke down the crucial resistance levels of $13.00, $13.50, and $14.00 in their current upsurge.
  • BNB/BTC pair is performing neutral with the nil change of   0.0% bringing the level to 0.00202189.

BNB prices performing positively in the market and continuing a gradual climb of $14.00, reflecting the heavy bullish momentum.

The price level of $13.50 is providing the key support to BNB as it is running on to maintain its upsurge but currently facing difficulty to maintain a strong climb over the level of  $14.00. As prices started fading after coming in contact with this region and did acquire a negative approach.  

BNB’s current market capitalization is $2,136,666,909 USD with volume traded of $409,898,437 USD and circulative supply of 155,536,713 BNB.

BNB
Source:tradingview

The technical chart indicates that prices are trying their best to maintain stability up above its current level and bulls are looking in a fine condition.  BNB is one of the best performers in today’s market.

Buying volume is enjoying a heavy increase in it which is a positive sign. Bears are emerging with a strong presence in the market and this is a piece of very good news for BNB holders and traders.

MACD levels are showing that there is a bit of tussle between two but buying volume is again the dominating one and trying to maintain a bullish dominance. 

RSI takes a sharp positive divergence from the bearish region to the bullish region of the buying zone, indicating that there is a heavy increase in the buying volume of the alt and it did touch the highest point too.

Same goes with the CCI level as prices are gradually rising, there is a complete positive trade in the cryptocurrency ‘s market today and currently, it is trading at the top of the normal region.

Resistance level: $14.00
Support level: $13.00

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