<p>The most recent Binance Coin price analysis reveals that the price is recovering following a steep decline yesterday. The prior week&#8217;s trend was bearish, as the price continued to fall. However, the price has been able to stabilize around $315.8 since the upward trend reappeared today. On the other hand, when selling pressure is present and price oscillation is sluggish, there is a chance that the trend will reverse before the current trading session concludes.</p>



<h3 class="wp-block-heading" id="bnb-usd-1-day-price-chart-bnb-on-the-recovery-bouncing-back-from-a-recent-slump">BNB/USD 1-day price chart: BNB on the recovery, bouncing back from a recent slump</h3>



<p>The one-day Binance Coin price analysis indicates a price increase as a result of the bulls’ success in making a comeback. The price of BNB/USD has recently increased and is currently at a level of $315.8. The bullish momentum is now resurgent after the bears had been in charge of the market for the previous week and the preceding three days as well. On the one-day price chart, the moving average indicator (MA) is showing a value of $322.8.</p>



<figure class="wp-block-image size-large"><img decoding="async" width="1200" height="504" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/bd1-1200x504.png" alt="bd1" class="wp-image-301545" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/bd1-1200x504.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bd1-300x126.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bd1-768x323.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bd1.png 1350w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">BNB/USD 1-day price chart. Source: <a href="https://www.tradingview.com/symbols/BNBUSD/" target="_blank" rel="noreferrer noopener">Tradingview</a></figcaption></figure>



<p>However, the Bollinger Bands, which measure the volatility of the price, are diverging, with the upper band indicating resistance at $338.7 and the lower band indicating support at $313.5. The Relative Strength Index (RSI) is at index 43, showing that support is present but also indicating the presence of selling pressure.</p>



<h3 class="wp-block-heading" id="binance-coin-price-analysis-recent-developments-and-further-technical-indications">Binance Coin price analysis: Recent developments and further technical indications</h3>



<p>The four-hour Binance Coin price analysis shows that bulls are attempting to regain control of the market, but selling pressure is limiting the coin&#8217;s recovery. In the last four hours, selling activity has been observed. This is evident by the last candlestick, which has shrunk in size after elongating up to $16.7. As the price has been rising constantly for the past few hours, it can be expected that bulls might find more support. Moving on, the moving average value in the four-hour price chart is standing at $317.8 as well.</p>



<figure class="wp-block-image size-large"><img decoding="async" width="1200" height="504" src="https://www.cryptopolitan.com/wp-content/uploads/2023/05/bdg4-1200x504.png" alt="bdg4" class="wp-image-301546" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/05/bdg4-1200x504.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bdg4-300x126.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bdg4-768x323.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/05/bdg4.png 1350w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">BNB/USD 4-hours price chart. Source: <a href="https://www.tradingview.com/symbols/BNBUSD/" target="_blank" rel="noreferrer noopener">Tradingview</a></figcaption></figure>



<p>The Bollinger bands indicator is dictating an average of $322. Whereas its upper value is resting at the $329.9 position and the lower value is at the $314.3 position. The indicator predicts high volatility on an hourly basis for BNB/USD. The RSI score has also increased to 34 levels after taking a dip in the underbought region yesterday. But the buying process initiated recently has recovered a good margin.</p>



<h3 class="wp-block-heading" id="binance-coin-price-analysis-conclusion">Binance Coin price analysis: conclusion</h3>



<p>In conclusion, the Binance Coin price analysis shows mixed signs of bullish and bearish trends. While the price has recovered to $315.8 and the bulls have attempted to regain control of the market, selling pressure continues to limit the <a href="https://www.cryptopolitan.com/binance-coin-price-prediction/" data-type="post" data-id="119696">coin&#8217;s</a> recovery. It remains to be seen whether the bulls will receive enough support to continue the upward momentum, but high volatility can be expected in the short term.</p>

Binance Coin price analysis: Support arrives for BNB at $314 after a sharp decline

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