The price of Binance coin (BNB) continued its uptrend and rose above the 21-day SMA. Price analysis by Coinidol.com.
Long-term outlook for BNB price: bullish
The bears have once again failed to push BNB below the moving average lines. BNB would have fallen to prices as low as $510 and as high as $420. The buyers overpowered the bears by keeping the price above the moving average lines. BNB is currently trading above the 21-day moving average line but below the barrier at $640. Doji candlesticks have slowed the price’s uptrend.
Nonetheless, buyers are trying to push the altcoin above the $645 resistance. BNB’s price target is $700. However, if the 21-day SMA support is breached, the bullish scenario would be invalidated. BNB will fall to the next support above the 50-day SMA or the low of $604.
Ukufundwa kwenkomba ye-BNB
The BNB price bars are above the upward sloping moving average lines. The 21-day SMA serves as a support line for the cryptocurrency’s uptrend. On the 4-hour chart, the moving average lines are horizontal, indicating the current trend.
Izinkomba zobuchwepheshe:
Amazinga okumelana abalulekile - $600, $650, $700
Amazinga okusekela abalulekile - $400, $350, $300
Yiluphi umkhombandlela olandelayo we-BNB / USD?
BNB remains in a sideways trend below the overhead resistance of $645. The horizontal trend will be broken if the bulls break through the resistance at $645. The bears will break the sideways trend by breaking below the moving average lines.
Umshwana wokuzihlangula. Lokhu kuhlaziya kanye nesibikezelo kuyimibono yomuntu siqu yombhali futhi akusona isincomo sokuthenga noma ukuthengisa i-cryptocurrency futhi akufanele kubhekwe njengokugunyazwa yi-CoinIdol.com. Abafundi kufanele benze ucwaningo lwabo ngaphambi kokutshala izimali.
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- Source: https://coinidol.com/binance-coin-when-resistance-reached/
