Binance Coin Looks Good; Will Price Make Rounded Bottom?

Binance Coin Looks Good; Will Price Make Rounded Bottom?

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Binance Coin Looks Good; Will Price Make Rounded Bottom?

NewsBTC2 months ago
BNBBNB
DailyDaily
Published on October 06, 2022 10:26 GMT+00:00edited on October 06, 2022 13:31 GMT+00:00

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  • BNB’s price continues its bullish structure after a reclaim of this region as the price stays on track to retest major resistance.  
  • BNB trades above key support as price reclaim 8 and 20-day EMA.
  • The price of BNB aims to form a rounded bottom on the daily timeframe. 

Binance Coin (BNB) has continued to look more decent in terms of price action against tether (USDT) after reclaiming a bullish structure. Binance Coin (BNB) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with BNB price looking more stable for a retest of key resistance at $337. (Data from Binance)

Binance Coin (BNB) Price Analysis On The Weekly Chart.

Despite struggling to hold its key support at $270 with the market filled with so much …