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Binance Coin Price Analysis (BNB): The coin is turning out to be in a solid position

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Binance coin (BNB) is the token of the largest cryptocurrency exchange in the world, Binance (BNB). The coin is very stable and is performing very well as of now. In fact, the coin has been good since its very inception and shown its worth in the crypto market now and then.

The coin has broken past the resistance level of $30 and as of now the coin is trading at $30 against the United States dollar (USD) and showing positive growth and upward trend of 0.74 percent. The market cap of the coin is $46,662,933,549 United States dollar (USD) and the 24 hours trading volume of the coin is $273,251,823 United States dollar (USD).

Binance coin (BNB) seems to go ahead and consolidate in the future. The coin has been performing very well but has still not been able to cross the 50 days moving average. The coin is showing a bullish trend all along and the relative strength index (RSI) is at the 50 point mark as of writing this article.

The present trend shows that the consolidation period maybe soon to be achieved and the coin main consolidates around the lowest point of $24 and to the higher side it can go as high as $32. Binance coin (BNB) can be a very good investment option as of now.

Each indicator for the coin in a positive side and there can be no cause of worry for the coin as far as the investors and traders are concerned. Yesterday was a good day for the coin and the coming days can be turn out to be even more good.

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About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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