In the previous week, Binance Coin price was rather fairly stable; however, the latest United States Traders restrictions from Binance caused the Binance Coin (BNB) to fall below two significant support levels.
The twenty dollars ($20) psychological support level, and a little over nineteen ($19.65) dollars EMA support level on Monthly chart.
However, the bearish trend did not last long and the bullish trend created a better rebound. The bearish trend prevailed for two hours and then bullish trend took over for another two hours.
Binance Coin price analysis: Short Term
The bulls were able to break over the twelve-day (12) EMA on the short term chart and currently it is in process of breaking the twenty-six Day EMA in a confirmed uptrend.
Likewise, the shortest term chart is expected to experience a steady uptrend with the bull cross of EMA’s. However, RSI has not been in the overbought area, meaning that bulls have still room for further growth. Source...