- Binance Coin (BNB) is struggling to break the resistance of $ 645 despite the daily gains by 3 %.
- RSI in 65.03 and Macd above the signal line indicates a strong purchase momentum.
Binance Coin (BNB) is fighting the main resistance level at $ 640, indicating signs of possible outbreak despite the recent market fluctuations. Over the past 24 hours, BNB has increased by 3 %, which raised discussions about whether it can maintain this upward momentum or face another correction.
Currently, BNB is trading about $ 642, which represents its highest price since February 24. The distinctive code recorded the highest level per day 644.87 dollars. BNB has gained strength after a significant decrease of 25 % between mid -February and March, indicating that it may have exceeded the corrective stage. The trading volume also increased by 50 % to $ 2.04 billion, reflecting the increase in market activity.
The BNB price rally follows the restoration of the global market, which has witnessed many altcoins bounces from its lowest monthly levels with Bitcoin rise to 87 thousand dollars. However, the technical analysis of BNB shows deeper visions of the performance of Binance Coin and its short -term capabilities.
Technical expectations 24 hours a day from BNB: My bullish or declining?
From a technical perspective, on the daily chart, BNB creates a V -shaped recovery, indicating a strong recovery from its lowest levels. The symbol exceeded the support level of $ 607, which enhances the upward trend. The RSI is currently located in 65.03 on the graph for 4 hours, indicating a rise of ascension without success.
In addition, the MACD index remains higher than the signal line, which supports the possibility of continuing prices. Moreover, the Supertrend index displays a green line at the bottom of the price, indicating strong support and the possibility of more upward movement.
If BNB keeps this momentum, it may exceed $ 670 and pay about $ 700 or even $ 750 in a extended march. However, if the price fails to retain more than the current trend line, it may decrease to $ 585, with a potential decrease in a decrease to $ 555, which will nullify the ups of the ups.
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