Cryptopolitan
2021-09-21 05:43:34

Binance Coin price analysis: BNB/USD bearish set to reverse in the next 24 hours

TL;DR Breakdown Binance Coin price analysis suggests bullishnessBNB/USD continued to retrace over the last 24 hours.BNB found support at $345. Our Binance Coin price analysis predicts the Binance Coin price will rise in the next 24 hours. The exchange currency established a higher low on the daily chart at $395 compared to yesterday’s value of $390. As a result, we anticipate that BNB/USD will reverse to a new high in the coming 24 hours. On the five-day Binance coin price analysis chart, the coin traded in a range of between $330-$430, Suggesting that many activities are going on in the market hence the high volatility. In addition, the 20-day Moving Average crossover the 50-day Moving Average, implying that the coin is bullish at the time. However, the long-term MA did not cross over the short-term Moving Average, meaning that the buyers took control of the market in most trading sessions.  Source: Coin360 The two most significant digital assets are trading in losses as the sellers control the entire cryptocurrency space leading to price dips. Bitcoin is down by -6.43 percent, while ETH has dropped by -6.21 percent. Other altcoins are also trading in the same trend, recording massive price deviation. The meme coin has recorded more than -15 percent price decline while Solan is trading at -12 percent. Despite most digital asset trading being bearish, some coins have recorded significant price gains in the last 24...

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