Binance Coin Price Analysis: BNB Crypto Holds 200-EMA as a Support

  • The BNB crypto price is in a downtrend, around -1.5%, during the intraday trading session.
  • The 24-hour trading volume is at $2,189 billion.
  • BNB/BTC pair is trading negative by -7.8% at 0.00858967 BTC.

Daily technical chart and price trend of BNB crypto are showing a bearish trend. Based on the pivot level, the first support zone is 330 USDT. From another perspective, if it rushes, the resistance level to watch is 440 USDT. Thus, the graph made a pin bar candle pattern during the day, and the cost is relied upon to remain upside with unwavering high force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost slips below the green ribbon and holds the 200-EMA, so it will guarantee a downswing in BNB until it’s below the ribbon.

Trading volume (646.72 K) is underneath the 20-day moving average (1.275 M). To put it plainly, the volume is moderate, making the cost remain at the support levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The Schaff Trend Cycle indicator (bearish) with a 0 represents a sell signal in the coin, projecting a downtrend. Additionally, Investors can see a red sell signal and a downward curve in the index.

BNB Crypto Awaiting Confirmation of a Bounceback

Binance Coin value today is $374.17 with a 24-hour exchanging volume of $2,189,686,143. BNB cost is down – 1.5% as of now. It has a circling supply of 150 Million BNB coins and a complete inventory of 171 Million. The STC points to a selling indication, and the traders have prompted moderate volume. In fact, the cost is around the support regions and proceeds in a downtrend. In like manner, with the general market perspective, the pattern stays bearish for coming trading days.

Resistance Level: $440

Support Level: $330

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