Binance Coin price analysis reveals a bullish trend above $25 cooking

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...

#BNB #TA #Bullish