Main navigation

Binance Coin (BNB) Price Analysis for March 22

Advertisement
Wed, 22/03/2023 - 19:00
Binance Coin (BNB) Price Analysis for March 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

Buyers are not going to give up so easily, according to the CoinMarketCap ranking.

Advertisement

Top coins by CoinMarketCap

BNB/USD

Binance Coin (BNB) is the biggest loser today, falling by 2.41%.

BNB/USD chart by TradingView

On the hourly chart, the price of Binance Coin (BNB) might have found the local bottom at $323.5. If the bar closes above this mark, the rise may continue to the middle of the channel, the area of $332-$334.

BNB/USD chart by TradingView

On the bigger chart, the rate of BNB has made a false breakout of the recently formed support at $325. However, the native exchange coin might need more time to gain strength for a further move.

Related

In this case, sideways trading in the range of $330-$335 is the more likely scenario until the end of the week.

BNB/BTC chart by TradingView

The opposite situation can be seen on the daily chart against Bitcoin (BTC). The price is about to break the support level at 0.01150. If the closure happens near it, a sharp drop may lead to the test of the 0.01140 mark shortly.

BNB is trading at $329.5 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