- Binance coin price bounced back to $288 from the support of $197 on Wednesday’s trading session
- The 24-hour volume in BNB is at $8,057,007,431 with a 53.52% increase.
- The BNB/BTC pair was trading at 0.005287 BTC with a gain of 14.75%
The 4-hour technical chart of Binance coin price projects an uptrend. According to pivot points, BNB’s critical support level is placed at $197. Whereas if it moves up, the key resistance level to watch is $334. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) intersects the SMA-100 (white), which projects a beginning of bullish trend. The price is above both the SMA’s. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 65, indicates a buy signal in the coin. Moreover, Investors can see a slight downward slope from 79 to 65; it may surge again in future trading sessions.
Comeback of Bulls in Binance Coin
Binance coin price traded at $288 with a gain of 17% in the last 24-hour and also maintains a healthy gain of 14%. In contrast, the market capitalization stands at $43 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the resistance of $334.
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