- Binance Coin (BNB), at the time of writing, was trading at $21.86, after hitting a 90-day high of $22.66 in the past 24 hours
- BNB coin has been on a continual upswing, and we foresee the current price of the coin to form a similar one with the same momentum
- The current price is supported by the immediate daily moving averages, and the 50-day and 200-day MA lie outside the 20-day Bollinger Band width
- Immediate intraday move experiences a pullback, and there happens a bearish MACD crossover
Binance Coin trades impressively well as it hits above the major resistance at $20 and marks a fresh 90-day high.
Binance Coin Price Analysis:
Taking a glance at BNB/USD 2-hourly movement over the past 5 weeks, we see that the coin takes a steep rise after having moved relaxingly in the previous month. Based on Our BNB Coin Price Prediction , the uptrend forming is foreseen to continue in the upcoming days as well due to steady support from the daily moving averages.
A fresh 90-day high marked at $22.6 appears to be the major resistance before the Binance Coin takes a leap above it on the daily chart. The 20-day Bollinger Bands laid do not project about any unpredictable volatility. The 50-day and 200-day support lines end out of the 20-day Bollinger Band width and hold a “Golden Crossover” as the 50-day MA is crossing above 200-day MA.
Technicals:
The MACD of Binance Coin is facing a bearish crossover as it is overridden by the signal line due to intraday price correction after the coin had hit 90-day high.
The RSI of BNB coin is also seen returning from the overbought region at 63.53, as the price pulls back, and the coin trades at $21.86.