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- BNB continuing its bullish trading momentum and showing signs that it will soon achieve the level of $17.00.
- Prices are maintaining an up-surge towards and they acquired the resistance line of $16.70.
- The BNB/BTC pair is not performing well and trading with a loss of -2.04% bringing the level 0.00207324.
The price level of $16.50 is providing key support. BNB manages to put a halt in the slight negative trade and flat trend and currently it is committing a stable upsurge. Currently, prices managed to maintain a support level near $16.80 and now they are looking stable and able to continue their rally up.
The Resistance level of $17.00 is a major challenge as prices always end up becoming weak whenever they come in contact with this price line.
binance coin current market capitalization is $2,619,548,234 USD with volume traded of $ 391,871,975 USD and circulative supply of 155,536,713 BNB.
Binance Coin (BNB) Price Analysis
The technical chart indicates that prices are climbing up after suffering a session of heavy variations. Binance coin Bulls are emerging strongly and reach the highest point in their recent trading session. Prices can easily reach the resistance level of $17.00 if the manages their current momentum.
Technical are favoring prices as they are turning blue and showing an increase in the buying volume means price are able to pull off an impressive recovery
MACD levels are showing that buying volume is ahead of the selling volume and prices are moving along with bulls as a major positive divergence can emerge but bears are not slowing down as they still can catch up with the green line.
RSI takes a positive divergence from the normal region towards the heavy bullish zone, indicating that there is an increase in the buying volume of the altcoin and currently trading right at the level of 70.
Same goes with the CCI level as prices are gradually rising, from the normal zone, prices took a gradual positive divergence to the neutral point of the normal zone and currently trading at over buying region.
Resistance level: $ 17.00
Support level: $16.70
