Advertisement
AD

Main navigation

Advertisement

Binance Coin (BNB) Price Analysis for August 25

Advertisement
Fri, 25/08/2023 - 16:30
Binance Coin (BNB) Price Analysis for August 25
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The majority of the coins keep declining; however, there are some exceptions to the rule.

Advertisement

Top coins by Coinstats

Top coins by CoinStats

BNB/USD

The price of Binance Coin (BNB) has decreased by 0.7% over the last 24 hours.

BNB/USD chart by TradingView

Image by TradingView

On the hourly chart, the price of Binance Coin (BNB) has made a false breakout of the resistance of $217.5. If the daily candle closes far from that mark, there is a high possibility of seeing a quicker test of the support at $213.7.

BNB/USD chart by TradingView

Image by TradingView

On the daily time frame, the price of BNB has not accumulated enough effort for a sharp move as the rate is far from the support and resistance.

Related

Buyers might seize the initiative only if the price gets back to the $220 area and fixes above it. However, a few days might pass before it happens.

BNB/USD chart by TradingView

Image by TradingView

Another situation can be seen on the weekly chart as the price of BNB has bounced off the support level of $204.8. if the candle closes far from it, the local rise may continue to the $225-$230 area soon.

BNB is trading at $216.1 at press time.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD