Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Cryptopolitan 2021-09-11 03:34:19

Binance Coin Price Analysis: BNB gets rejected at $408, bears prepare for a pullback

TL;DR Breakdown Binance Coin price analysis indicates bearishnessBNB/USD will correct downwards in the next 24-hoursResistance was found at the $408 mark Today’s Binance Coin price analysis indicates bearishness after the market rejected, after $408, and denied the chance to camp near the $410 support. However, since BNB/USD started to consolidate, we made the assumption that the bulls are exhausted, and we are looking forward to a retracement in the next 24-hours The overall market traded bearishly over the last 24 hours. Bitcoin shed 3 percent, while Ethereum went down by 5 percent. LUNA emerged as the best performing altcoin of the day after gaining approximately 25 percent overnight. Binance Coin price movement in the last 24 hours: Binance Coin declines to $399 BNB/USD traded in a range of $399 – $408.34, indicating substantial volatility over the last 24 hours. Trading volume has decreased by 8.61 percent and totals $2.21 billion, while the total market capitalization trades around $67.965 billion, ranking the coin in 4th place overall. BNB/USD 4-hour chart: BNB prepares for a retracement? On the 4-hour chart, we can see the Binance Coin price action trading sideways overnight, indicating an upcoming retracement. BNB/USD 4-hour chart. Source: TradingView Binance Coin price action has traded with a strong bullish momentum over the last month. From the previous major swing low of around $255, BNB/USD has gained almost 100...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.