Cryptocurrencies: 6460 / Markets: 47997 Market Cap: 24h Vol:
Cryptopolitan
2021-09-25 04:08:41

Binance Coin Price Analysis: BNB sets lower high at $358, will the bulls regain losses?

TL;DR Breakdown Binance Coin price analysis suggests bullishnessBNB/USD continued to retrace over the last 24 hours.BNB finding support at $350 According to our Binance Coin price analysis, the market is likely to rise in the next 24 hours after it retraced from the $350 level to the press time price of $419. The exchange currency established a higher low on the daily chart at $401 compared to yesterday’s figure of $395. As a result, we anticipate the bulls to return in the coming days due to the favourable price action. Binance Coin (BNB) is up 3 percent but eyes more gains according to our BNB/USD price analysis. After failing to break above $400, the cryptocurrency declined towards the $330 level before finding at $350. The virtual currency has now established a higher low than the previous one at $358 according to our Binance Coin price analysis. As a result, we expect the bulls to return in the coming days for another round of higher highs. The daily chart has just returned below the $380 region after establishing a secondary lower high – the DHHII pattern. It points to the presence of strong buying interest around the $400 level. Moreover, BNB is trading above both simple (20-30-40 EMAs) and exponential moving averages (50, 100). Finally, the relative strength index (RSI) is below 50 for the first time since mid-May. All these signals indicate that our Binance Coin price prediction 2019 of $500 is likely to be ach...

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