Apr 08, 2024 at 17:03 // Price The price of Binance Coin (BNB) has entered a sideways trend after rejecting the high at $645. BNB price long term
The upward movement was further hindered by resistance at $630.
On March 29, BNB fell below the 21-day SMA and reversed the uptrend at the high of $621. The bulls bought the dip and the altcoin recovered above the 21-day SMA. The cryptocurrency is trading above the moving average lines but remains range-bound between $550 and $630.
On the upside, a recovery to $645 is possible if the altcoin recovers above the 21-day SMA. Beyond that, a break above the $645 resistance level would propel the altcoin to highs above $700. Should the bullish scenario fail, the altcoin will decline and settle in a range between $550 and $630.
Pagbabasa ng indicator ng BNB
The price bars are above the moving average lines, but the upside has been limited by the Doji candlesticks. On the 4-hour chart, doji candlesticks have dominated the price action. This shows that traders are undecided about the direction of the market.
Teknikal tagapagpahiwatig:
Mga pangunahing antas ng paglaban – $600, $650, $700
Mga pangunahing antas ng suporta – $400, $350, $300
Ano ang susunod na direksyon para sa BNB USD?
BNB is trading sideways on the 4-hour chart. The altcoin is currently trading between $540 and $620. The price movement is immobile due to the dominance of small candlestick bodies known as doji candles. Once the price of the altcoin recovers, it will start trending upwards again.
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