Following a decent bullish comeback last week, Binance Coin (BNB) recorded a mild correction over the weekend as the price dipped back below $400 and tapped the $385 low. However, we can observe a bullish build-up this morning, with the broader crypto market posturing to revive last week’s trend.
The 4-hour stochastic indicator shows that a bullish rally is underway as bulls target the $400 resistance. That said, bullish confirmation should come from a corresponding crossover on the MACD indicator, which should drive BNB towards the $420 level in the coming days.
Meanwhile, my resistance levels are $400, $410, and $420, and my support levels are $390, $380, and $370.
Total Market Capitalization: $1.88 trillion
Binance Coin Market Capitalization: $65.2 billion
Binance Coin Dominance: 3.4 %
Market Rank: #4
The 4-hour stochastic indicator shows that a bullish rally is underway as bulls target the $400 resistance. That said, bullish confirmation should come from a corresponding crossover on the MACD indicator, which should drive BNB towards the $420 level in the coming days.
Meanwhile, my resistance levels are $400, $410, and $420, and my support levels are $390, $380, and $370.
Total Market Capitalization: $1.88 trillion
Binance Coin Market Capitalization: $65.2 billion
Binance Coin Dominance: 3.4 %
Market Rank: #4
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.
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.