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BNB Price Analysis

BNB Price Analysis: Binance Coin Nearing the important point

BNB Price analysis shows that the Binance Coin is nearing an important point from where it can make a decisive move. BNB is up 44% after touching the bottom of $322 on February 22.BNB Price Analysis

The BNB price today is $449.43 with a 24-hour trading volume of $2,591,074,089. BNB is up 4.59% in the last 24 hours. The current CoinMarketCap ranking is #4, with a market cap of $74,207,875,699. The price chart of BNB shows that the price is nearing the trend line which was acting as bullish support which then turned into resistance. If BNB manages to rise above $465, above Fib 0.382, this important trend line can act as major support.

Also Read: Is Bitcoin going to claim $50,000?

Bitcoin was extremely Bullish last week and now as the week approaches, the chart exhibits another Bitcoin Bullish Flag. Bitcoin has gained more than 8.5% since March 27 and the experts believe there’s still more to come.… Read more

After claiming this support level at $465, BNB has strong resistance at $508 and RSI will enter into an oversold situation. BNB has local support at $411 and then at $400. If Bitcoin remains bullish this week, it will be easier for BNB to gain more green candles.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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