After maintaining a steady ascent along the ten-week-long ascending trendline, Binance Coin (BNB) suffered its first sustained break below this line on December 4 amid a marketwide crash. That said, BNB appears to have regained stability at the $540 support as the bearish momentum resumed on Monday. Along with most of the crypto market, the third-largest cryptocurrency could suffer a bearish continuation to its flash crash low at $495 over the coming days. However, this bias will get invalidated once the price resurfaces above the trendline again, a 10% bullish move.
Meanwhile, my resistance levels are $560, $580, and $600, and my support levels are $540, $520, and $500.
Total Market Capitalization: $2.22 trillion
Binance Coin Market Capitalization: $92.4 billion
Binance Coin Dominance: 4.15%
Market Rank: #3
Meanwhile, my resistance levels are $560, $580, and $600, and my support levels are $540, $520, and $500.
Total Market Capitalization: $2.22 trillion
Binance Coin Market Capitalization: $92.4 billion
Binance Coin Dominance: 4.15%
Market Rank: #3
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.