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Binance Coin (BNB) Price Analysis for March 19

Sun, 03/19/2023 - 14:11
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Denys Serhiichuk
Can price of Binance Coin (BNB) continue to grow next week?
Binance Coin (BNB) Price Analysis for March 19
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls could not hold the initiative for long, and most of the coins are back in the red zone.

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The rate of Binance Coin (BNB) has declined by 1.02% over the last 24 hours.

BNB/USD chart by TradingView

On the hourly chart, the price of Binance Coin (BNB) has broken the resistance at $336.3 against the increased volume. If buyers can hold the gained initiative, a further upward move to the $344 zone is possible tomorrow.

BNB/USD chart by TradingView

Bulls are also powerful on the daily time frame. The rate is returning to the resistance recently formed by the false breakout. If the candle closes near the $340 mark, the rise may continue to the $350 area in the upcoming week.

BNB/USD chart by TradingView

The current weekly candle is about to close bullish with no long wicks, which means that buyers are ready for a midterm rise.

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If the growth continues to the vital $350 mark and the price fixes above it, the accumulated energy might be enough for a blast to $400 by the end of the month.

BNB is trading at $339.2 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