Binance Coin Price Analysis — September 2
Binance Coin (BNB) is on a steady bearish correction despite positive sentiment in the broader market on Friday. The cryptocurrency is trading within a downward-facing (bearish) channel as bulls struggle to hold on to the $280 mark, which looks like the last defense before $230.
The saving grace for BNB would be a return above the $300 - $320 resistance region, which would neutralize the bearish bias.
Meanwhile, my resistance levels are $300, $320, and $340, and my support levels are $260, $230, and $215.
Total Market Capitalization: $994 billion
Binance Coin Market Capitalization: $45.1 billion
Binance Coin Dominance: 4.54%
Market Rank: #5
The saving grace for BNB would be a return above the $300 - $320 resistance region, which would neutralize the bearish bias.
Meanwhile, my resistance levels are $300, $320, and $340, and my support levels are $260, $230, and $215.
Total Market Capitalization: $994 billion
Binance Coin Market Capitalization: $45.1 billion
Binance Coin Dominance: 4.54%
Market Rank: #5
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