Last week, BNB had a strong rally which was stopped in its tracks before reaching the all-time high at $692. This week, bears took control of the price and pushed it all the way down to the support at $516. For this reason, BNBâs price fell 10% over the past seven days.
The current resistance for BNB is found at $600. Since touching the support level yesterday, the cryptocurrency is back on the uptrend, but the resistance at $600 will be the real test for bulls. If BNB is successful in breaking this key resistance, then the rally can continue for a new attempt at reaching the all-time high.
Looking ahead, the indicators for BNB give mixed signals, with a bearish daily MACD and an RSI that is trying to curve back up. The fight at the $600 resistance is likely to decide the winner in the coming week.
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The current resistance for BNB is found at $600. Since touching the support level yesterday, the cryptocurrency is back on the uptrend, but the resistance at $600 will be the real test for bulls. If BNB is successful in breaking this key resistance, then the rally can continue for a new attempt at reaching the all-time high.
Looking ahead, the indicators for BNB give mixed signals, with a bearish daily MACD and an RSI that is trying to curve back up. The fight at the $600 resistance is likely to decide the winner in the coming week.
Like and follow if you liked my idea!
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đŁ Find more Alpha by joining Your Crypto Community đ° LINKs BELOW đ°
đš Over 5,000 members!
đš Real trades & wins explained
đš Trading ideas, crypto trends & alpha
Likes and follows appreciated! đ
đš Over 5,000 members!
đš Real trades & wins explained
đš Trading ideas, crypto trends & alpha
Likes and follows appreciated! đ
Pubblicazioni correlate
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.