Advertisement
AD

Main navigation

Binance Coin (BNB) Price Analysis for February 22

Advertisement
Wed, 22/02/2023 - 16:06
Binance Coin (BNB) Price Analysis for February 22
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

Bears have continued their pressure as most of the coins are in the red zone.

Advertisement

Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) could not withstand bears' pressure, going down by 1.86% over the last 24 hours.

BNB/USD chart by TradingView

After the false breakout of the resistance, the price of Binance Coin (BNB) might have found the local bottom at the support level of $305.1. As the native exchange coin has passed most of its daily ATR, sideways trading in the narrow range of $306-$308 is the more likely scenario.

BNB/USD chart by TradingView

On the daily chart, one should pay attention to the interim support level at $308. If the candle closes below it, there are high chances of seeing a further drop to the $300 zone. Such a scenario is relevant until the end of the month.

BNB/BTC chart by TradingView

The situation is a little bit more positive on the daily time frame against Bitcoin (BTC). The price keeps trading sideways, between the support at 0.01260 and the resistance at 0.012975.

Related
BTC and ETH Price Analysis for February 21

In addition, the volume has fallen, which means that one should not expect any sharp moves in the near term.

BNB is trading at $307.3 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

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

Popular articles

Advertisement
AD