BNB Technical Analysis: ADA Set to Break Past the Daily Resistance
Table of contents
Past Performance of BNB
The Binance Coin (BNB) is currently in a solid uptrend, surging by over 11% in the past 24 hours. The coin is now trading at around $235, and it seems like it could continue to rise even further in the near term. Technical analysis shows that the BNB/USD pair is currently in a strong uptrend, with resistance at around $242. However, if the bulls can push the price above this level, it could rise to $250 or even higher. On the downside, support is found at $212, and if the bears push the price below this level, it could fall to $200.
Source- Tradingview
BNB Technical Analysis
The SMA 50 (Simple Moving Average) and the SMA 200 are both trending to the upside, which indicates that the bulls are in control of the market. The MACD (Moving Average Convergence Divergence) is also in the bullish zone, and it seems like the bulls could push the price even higher in the coming days. The RSI (Relative Strength Index) is also in bullish territory.
Support and Resistance levels closest resistance level for the BNB/USD pair is found at $242. If the bulls can push the price above this level, it could rise to $250 or even higher. On the downside, support is found at $212; if the bears push the price below this level, it could fall to $200. The Binance Coin (BNB) is currently in a solid uptrend, surging by over 11% in the past 24 hours. The coin is now trading at around $235, and it seems like it could continue to rise even further in the near term.
Upcoming Trend
The BNB/USD pair is currently in a strong uptrend, with resistance at around $242. However, if the bulls can push the price above this level, it could rise to $250 or even higher.