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Binance Coin Price Analysis: BNB May Be In For A Slight Retracement

Over the last month or so, the Binance Coin price has been one to keep an eye on. Beginning the year at $13, the coin kept climbing until it reached its November 2019 highs.


Binance Coin (BNB) began the year trading at around $13. However, it quickly began surging, breaking through its 100-day exponential moving average (EMA) at $17 to reach its 200-day EMA at $18.50.


Despite struggling at the 200-day EMA for most of January, BNB began to climb higher in February, breaking above a five-month-old trend line to reach its current resistance level.


The Binance Coin price began the day on a downtrend, trading at about $21.97. This continued until the coin dropped to roughly $21.05. It began making its way back, reaching around $21.57 before correcting down to about $20.88. The Binance Coin price has been steadily rising to $21.69 at the time of writing, a decline of 1.38 percent over the last 24 hours.


Binance Coin price: Short term prediction


Having broken through the $21.50 level, BNB’s next resistance level lies at $21.90, which the coin is currently testing. If BNB can break through this, the next resistance levels are $22.70, $23.60, and $25. Read More...

Binance Coin Price Analysis: BNB May Be In For A Slight Retracement
Binance Coin Price Analysis

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