Binance Coin (BNB) Bulls Finally Came Out And Maintaining Steady Recovery

  • BNB acquired a slow but steady bullish trading pattern and showing signs that it will keep on moving in this current pattern.
  • Prices maintaining their up-surge in a very steady note. After acquiring the crucial resistance level of $15.60 prices are performing well.
  • The BNB/BTC pair is in a well and positive condition with a gain of 1.62% bringing the level 0.00224945.

The price level of $15.60 is providing key support. BNB manages to put a halt in negative divergence and currently, it can find the stability above $15.60.

Currently, BNB prices managed to maintain their climb at a steady pace and they are facing resistance too and now they can continue their rally up and go up against the level of $16.80.

BNB’s current market capitalization is $2,529,038,306 USD with volume traded of $ 384,127,667 USD and circulative supply of 155,536,713 BNB.

Binance Price Analysis

bnb
Source:tradingview

The technical chart indicates that prices are climbing up with a gradual rise in them. Bears are looking strong due to the overall market nature. Prices reached the resistance level of $15.50 and they are looking strong for the level of $16.00 

Technical is completely in price favor as they are turning blue and showing an increase in the buying volume means the price will be able to continue their recovery.

MACD levels are showing that again buying volume is getting ahead of the selling volume and prices are moving along with bulls as a major positive divergence is emerging.

RSI is continuing its trade with the bulls as it is emerging strongly with the bulls. They are about to touch the level of 70 and looking strong for the level of 80 too.

Same goes with the CCI level as prices are gradually climbing, they are trading at the top of the normal zone, prices took a gradual positive divergence to the current point due to the strong bullish momentum.

Resistance level: $ 14.00
Support level: $13.50

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Ayush Malviya
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.

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