menuIcon
$ 103,103.8
BTC
$ 103,103.8
1.76 %
$ 2,319.57
ETH
$ 2,319.57
9.51 %
$ 0.7788
ADA
$ 0.7788
5.21 %
$ 635.13
BNB
$ 635.13
2.53 %
$ 171.32
SOL
$ 171.32
6.71 %
William Surberg
Jul 7, 2022
by William Surberg

BNB Technical Analysis: BNB/USD Pair to Break Past $250?

BNB technical analysis

Table of contents

  1. BNB Technical Analysis
  2. Upcoming Trend
Key technical points:

  • BNB technical analysis is bullish today.

  • BNB/USD found support at $206.

  • The closest resistance is at $250

    • Past Performance of BNB

    The Binance Coin is currently on an upward trend after finding support at $206. The coin is expected to continue this trend and may reach the closest resistance at $250. The past performance of BNB suggests that the coin is a good investment option.

    The Binance Coin is currently trading at $236.24 and is up by 1.47% in the last 24 hours. The coin has a market cap of $38.72 billion and a 24-hour trading volume of $1.46 billion. Looking at the BNB/USD 1-day chart, the coin reached a high of $239 yesterday before facing rejection and dropping to a low of $230 today. The coin has since recovered and is currently trading above the $236 level. The moving averages are bullish, with the 20-day EMA (green) and 50-day EMA (blue) close to crossing over.

    BNB technical analysis

    Source- Tradingview

    BNB Technical Analysis

    The Binance Coin is currently in a bullish trend as it found support at $206. The coin is expected to continue this upward trend and may reach the closest resistance at $250. The moving averages are bullish, with the 20-day EMA (green) and 50-day EMA (blue) close to crossing over. The MACD is bullish, and the RSI is close to the overbought levels. However, the Stochastic indicator is in the overbought territory, which suggests that the coin may be due for a correction.

    Upcoming Trend

    If the Binance Coin can sustain its upward momentum, it may reach the $250 resistance level. However, if the coin corrects lower, it may find support at the $230 level.

    Follow us on: News
    cryptocurrency trading Binance Coin news BNB technical analysis
    BNB Technical Analysis: BNB/USD Pair to Break Past $250?
    William Surberg
    Sergio is a cryptocurrency journalist based in the United States. He describes himself as late to the game, entering the cryptosphere when the price rise happened in December 2017. Having a computer engineering background, living in the United states, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

    Top Picks