- Binance coin chart represents that price gave a pullback from the 100 EMA on the intraday session.
- The 24-hour trading volume is at $1,216 billion.
- BNB/BTC pair is trading negative by -0.7% at 0.01129739 BTC.
Moving Average (EMA) containing 20,50,100,200 In the Binance coin price chart, it is reliable support for currency price change. Investors can observe that price recovers from the white line and can guarantee a bullish trend as long as costs are above the 200-day moving average.
The volume (150.600 K) is below the 20-day moving average (1.132 M). The volume is descending, so the cost has been consolidating for several days. Investors may also notice a decline in volume. This indicates that remarkable changes are hoped for in the subsequent trading days.
Binance Coin Price Chart Expecting a Breakout Above $540 Support
The daily price chart of the Binance coin shows stability above the $500 Support. Relying on the price move, the support region is within $500. If the price fails to hold above it, the next support to look out for is $445. On the flip side, the resistance zone to look for is around $600.
The RSI showed a 45 (bearish) sign with a short-term buy signal. Investors may mark that the indicator’s RSI line is running upside. A surge can occur on upcoming trading days.
The MACD shows a (bearish) cross below the signal line on December 04, indicating a sell signal for the crypto. In addition, investors can see red bars in the histogram indicator.
Conclusion
Binance Coin price today is $541.92 with a 24-hour trading volume of $1,216,287,044. BNB price has been up 2.6% in the last 24 hours. It has a circulating supply of 170 Million BNB coins and a total supply of 168 Million.
The RSI and MACD indicate a sell signal. Traders have directed low volume. In fact, the cost moves around the support zone. A market overview also shows that this pattern will remain in an uptrend in the coming trading days.
Resistance Level: $600
Support Level: $500
DISCLAIMER
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.