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Binance Coin (BNB) Price Analysis for April 26

Wed, 04/26/2023 - 18:00
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Denys Serhiichuk
Is today's rise prerequisite for further growth?
Binance Coin (BNB) Price Analysis for April 26
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The correction may have ended on the cryptocurrency market, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


The rate of Binance Coin (BNB) has increased by 3.49% over the last 24 hours.

BNB/USD chart byTradingView

Image by TradingView

On the local chart, the rate of BNB has broken the resistance at $339.7. Currently, one should pay attention to whether buyers can hold the gained initiative and hold the price above that mark.

BTC, ETH and XRP Price Analysis for April 25

If they manage to do that, the rise may lead to the test of the $350 zone tomorrow.

BNB/USD chart byTradingView

Image by TradingView

On the bigger time frame, the price is getting back to the recently formed resistance level at $350. If today's closure happens with no long wicks, there is an opportunity to see a test of the mentioned mark soon.

BNB/BTC chart by TradingView

Image by TradingView

The completely opposite picture can be seen on the daily chart against Bitcoin (BTC). The price has stayed low after the false breakout of the resistance at 0.012068. As there are no reversal signals yet, the decline may continue to the nearest important zone around 0.011. Such a scenario is relevant until the end of the month.

BNB is trading at $341.3 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at