Binance Coin (BNB) Priming Up To Test The New Resistance Level Of $14.00

  • BNB acquired an impressive bullish trading pattern and showing signs that it will keep on moving in this pattern.
  • Prices achieved a crucial resistance level of $13.00 and about to reach $13.50, which put a halt against the climb of the Binance’s prices last time.
  • The BNB/BTC pair is performing positively with the overall profit of 1.27% bringing the level 0.00194925.

The price level of $12.00 is being key support. BNB prices manage to develop a positive divergence and keep on maintaining this gradual climb. Currently, prices managed to maintain a strong support level near $13.00  and now they are able to continue a gradual rise against the current crucial resistance level.

BNB‘s current market capitalization is $2,091,427,318 USD with volume traded of $ 423,011,864 USD and circulative supply of 155,536,713 BNB.

Binance Coin Price Analysis

BNB
source:tradingview

The technical chart indicates that prices are climbing up with an impressive pace, and bulls are looking strong this time. Prices are about to reach the resistance level of  $13.50, prices were unable to maintain a gradual climb above this level as either they get exposed to the flat trend or either they suffer price fall.

There is an increase in the selling volume according to the oscillators but there is an increase in the buying volume according to the moving average which might be a good sign for crypto traders.

MACD levels are showing that buying volume is getting over selling volume and moving along with bulls in a major positive divergence.

RSI takes a  positive divergence from the bearish region towards the top of the buying zone, indicating that there is an increase in the buying volume of the altcoin and currently trading at the level of 50.

Same goes with the CCI level as prices are gradually rising, from the depth of the overselling region, prices took a sharp positive divergence to the top of the normal zone and in the potential to enter over buying zone.

Resistance level: $ 13.50
Support level: $13.00

The post Binance Coin (BNB) Priming Up To Test The New Resistance Level Of $14.00 appeared first on CryptoSyringe: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.

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