On June 30, the price of Binance Coin (BNB) fell to a low of $205 as bulls bought the dips. The subsequent upward movement has been stuck at the 21-day moving average line. This means that BNB will continue to fall to the low of $205 and will likely hit the previous low of $183.
On the upside, further upward movement is unlikely due to selling pressure. For instance, the upside move was rejected on June 26 at the high of $245 as the bears pushed the cryptocurrency to the low of $205. Meanwhile, BNB is trading at $223 as of press time.
Očitavanje indikatora Binance Coin
BNB is at level 40 of the Relative Strength Index of period 14. The altcoin is in the downtrend zone, as it is capable of falling to the downside. Thus, the bulls bought the dips when BNB fell to the low of $205 on June 30. BNB is below the 80% area of the daily stochastic. The market is in bearish momentum. The 21-day line SMA and the 50-day line SMA are sloping south, indicating a downtrend.
Tehnički indikatori:
Glavni nivo otpora - 300 i 350 dolara
Glavni nivoi podrške - 200 i 150 dolara
Koji je sljedeći smjer za BNB?
Binance Coin is in a downward correction. Selling pressure has reached bearish exhaustion. The cryptocurrency will resume an uptrend if the altcoin returns above the current support. Since June 18, the altcoin has been fluctuating between $183 and $245 price levels.
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Source: https://coinidol.com/binance-coin-stuck-221/